Socialists: Food prices will go up

Food

At the end of last year Prime Minister Viktor Orbán “nodded without as much as a whimper” to Hungary losing half a billion euros of its European Union supported agricultural subsidies in the next seven-year funding period, Socialist MEP Tibor Szanyi said yesterday at a press conference.

Szanyi argues that this is why the government now decided to take away EU subsidies from farms exceeding 1,200 hecteres. Szanyi concludes that the step will cause food prices to climb higher as farmers will need to pass on some of their costs. The Socialist MEP proposed the ideaof giving compensation to the farmers effected, to prevent a significant rise -- as much as 30% according to Szanyi -- in food prices.

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