THE European Commission approved today a package of emergency support measures amounting to 330 million euroswhich he had proposed on June 23, 2023. EU farmers from Belgium, Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Austria, Portugal, Slovenia, Finland and Sweden will receive this additional financial support. Farmers in Bulgaria, Hungary, Poland, Romania and Slovakia are receiving separate support of €100 million to address market imbalances.

This support package comes at a time when farmers continue to face difficulties, as shown in the short-term outlook for EU agricultural markets published today by the European Commission. EU farmers continue to face input costs above the long-term average, while prices of some agricultural commodities continue to fall. In addition, EU farmers faced varied and difficult spring weather conditions, with reduced yields and lower quality of several key agricultural products predicted. At the same time, there were early signs of improvement. For example, fertilizers have become cheaper due to falling gas prices. In addition, although still above the headline inflation rate, food price inflation in the EU is beginning to stabilise.

Lena Flitzani