Hungary?s wheat surplus problem may be solved
Monday, February 28, 2005, 00:00
EU Agricultural Commissioner Mariann Fischer Boel announced that the European Commission will recommend the introduction of export subsidies for the wheat surplus offered for intervention purchase by the EU?s landlocked member countries, wire service MTI reported. Wheat was the only crop for which no export subsidies were available last year. Hungary, the Czech Republic, Slovakia and Austria appealed for assistance to the EC together, requesting export subsidies or storage capacity. As Ferenc Nyujtó, deputy state secretary of the Ministry of Agriculture and Rural Development said, landlocked countries are at a disadvantage in intervention sales due to the higher transportation costs. The storage of last year?s significant grain surplus is a serious problem for Hungary, he added.