ADVERTISEMENT

Proposal to extend maize intervention

Parliament

Hungary has proposed that the EU's maize intervention scheme, which will be scrapped next year, should instead be extended until 2008, Agriculture Minister József Gráf said in Brussels on Wednesday.

Hungary has also proposed gradually lowering intervention quotas or even intervention prices, Gráf said. He conceded, however, that negotiations "are not going well," though Germany and France support Hungary's view. Hungarian maize accounts for 95% of the EU's intervention stock. The fact that the 2007-2013 EU budget allocates no money for maize intervention, as well as the European Commission's determination to stick to its earlier decision to scrap the subsidies, makes the issue difficult to debate, Gráf added. Still, he argued that land-locked Hungary should be compensated for some of the cost of taking its maize to market. Still, he argued that land-locked Hungary should be compensated for some of the cost of taking its maize to market. He also complained about the cost of building intervention stores in Hungary, adding that subsidies for Hungarian exports of maize would have been a better solution. (Econews)

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Fidesz re-elects Orbán head of party Elections

Fidesz re-elects Orbán head of party

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.