Hungary to make concerted effort for hog farmer support
Hungary and thirteen other European Union members states will press the European Commission for immediate action to address the extraordinary challenges hog farmers are facing at a meeting of the Agriculture and Fisheries Council scheduled for November 15, Agriculture Minister István Nagy said, according to a report by state news wire MTI.
Hungary will urge the EC to take steps together with Belgium, Bulgaria, Cyprus, Czechia, Estonia, France, Greece, Croatia, Poland, Latvia, Lithuania, Austria, and Slovakia, Nagy said.
Nagy noted that he - along with a number of his peers - had urged the EC to take measures to avoid a worsening of the crisis facing hog farmers at a meeting of the Agriculture and Fisheries Council in October, but the EC had not responded to the initiative.
Hog farmers are looking at significant losses because of low farm gate prices, higher feed and energy prices, and the impact of the pandemic and African swine fever.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
