Resources 
 

Industry News

EU Assists Domestic Fruit Industry Following Russian Sanctions
August 19, 2014


    The European Union (EU) released a statement on Monday August 18, 2014 that it is taking action to help the farmers impacted by Russian sanctions.  EU Agriculture and Rural Development Commissioner Dacia Ciolo? announced that on Monday the EU “trigger[ed] CAP emergency measures which will reduce overall supply of a number of fruit and vegetable products on the European market as and when price pressures become too great in the coming months.”  The EU release stated that the financial assistance would help farmers financially during the prime growing season where they are producing food with no market to sell to due to the Russian ban.  This program will last through November with a €125 million budget ($167 million).  The assistance will aid farmers growing “tomatoes, carrots, white cabbage, peppers, cauliflowers, cucumbers, and gherkins, mushrooms, apples, pear, red fruits, table grapes and kiwis.”  Additionally, the support “will include market withdrawals especially for free distribution, compensation for non-harvesting and green harvesting. “  The financial aid will apply to all farmers, whether they are “organised in producers organisation or not.”

For more information, please continue to visit www.barnesrichardson.com.

Sign up for Daily Report

Just enter your Email below and sign up to get our Daily reports