Under the resolution, Hungary’s Minister of Agriculture is mandated to establish a broad strategy for the industry, MTI reported.
The resolution instructs Cabinet Chief János Lázár to devise measures to improve the position of dairy farmers in supermarkets, while the foreign minister has been instructed to review the possibility of putting foreign dairy industry technology to work for local farmers. Hungary’s economy minister has been mandated to reallocate HUF 11.4 bln to the farm ministryʼs budget to “boost dairy producersʼ liquidity”, while the minister of human capacities has been instructed to draft a proposal that requires fresh milk to be served in school cafeterias, MTI said.
The resolution leaves tight deadlines between the middle of March and the middle of April for the mandates, MTI noted.
This comes after, among many other industries, the Hungarian dairy industryʼs call for similar measures being carried out in the pork sector, where the VAT on processed meat was lowered to 5% from 27% as of January 1. Earlier reports suggested the Ministry of Agriculture was considering cutting the VAT for the dairy sector as well.
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