EC Decides on EUR 15.9 mln in Support for Hungarian Farmers

EU

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The European Commission has decided to compensate Hungarian farmers with EUR 15.9 million for storage costs and unsold grain as a consequence of European Union measures affecting Ukrainian farm products, Agriculture Minister István Nagy said at a meeting of EU farm ministers in Luxembourg on Monday, according to a report by state news wire MTI.

Nagy said the amount "wasn't too much" but acknowledged it as a "symbolic gesture"

The support is part of EUR 100 mln in support the EC is awarding to farmers in Bulgaria, Poland, Romania, and Slovakia, in addition to Hungary, to mitigate the effects of a flood of Ukrainian grain into neighboring countries after farm products from the country were exempted from customs duties and quotas to expedite their export to Africa and the Middle East.

"The decision on Monday is clear proof that it was worth it for the five neighboring countries to stand up for their interests. The EC acknowledged, even if only in a token manner, that those member states' farmers have had to bear a heavy additional burden," Nagy said.

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