Monday

18th Dec 2017

EU sets aside €125mn to stabilise food prices

  • EU farm commissioner Dan Ciolos has promised 'solidarity' with Russia-hit exporters (Photo: ec.europa.eu)

The European Commission has set aside €125 million more for food exporters hurt by the Russia ban.

It said in Brussels on Monday (18 August) the money will be available until the end of November for producers of tomatoes, carrots, white cabbage, peppers, cauliflowers, cucumbers, and gherkins, mushrooms, apples, pear, red fruits, table grapes, and kiwis.

Thank you for reading EUobserver!

Subscribe now for a 30 day free trial.

  1. €150 per year
  2. or €15 per month
  3. Cancel anytime

EUobserver is an independent, not-for-profit news organization that publishes daily news reports, analysis, and investigations from Brussels and the EU member states. We are an indispensable news source for anyone who wants to know what is going on in the EU.

We are mainly funded by advertising and subscription revenues. As advertising revenues are falling fast, we depend on subscription revenues to support our journalism.

For group, corporate or student subscriptions, please contact us. See also our full Terms of Use.

If you already have an account click here to login.

It noted in a statement that: “The markets for these products are in full season, with no storage option for most of them and no immediate alternative market available”.

A spokesman, Roger Waite, added that the move is designed to stop prices from falling to “crisis levels”.

The move comes after the commission earlier this month set aside up to €30 million for peaches and nectarines.

Member states’ agriculture experts will meet again in Brussels on Friday to see whether other sectors need assistance from a €420 million EU fund being used to cover the costs. Agriculture ministers will also meet on 5 September to assess the state of the markets.

Under the scheme, producers can divert up to 5 percent of output to be used as fertiliser or to be given away to schools and hospitals in return for EU compensation.

Russia imposed the ban on 6 August in retaliation for EU sanctions on its banks and energy firms over the Ukraine conflict.

Individual Russian consumers are allowed to bring back EU-made food, however. Food made in Belarus or Kazahstan using EU-supplied ingredients can also be exported to Russia, its deputy prime minister said on Monday.

News of the commission food aid came out the same day as statistics showing that EU exports to Russia were on a downward trend anyway, with sales down 12 percent between January and May compared to last year.

The sanctions war is likely to escalate if the conflict also gets worse.

The Ukrainian military on Monday said “many people have been killed, including women and children” when pro-Russia rebels hit a convoy of refugees in east Ukraine with rockets and mortars. But the pro-Russia rebels said Ukrainian forces bombed the civilians.

Russia relaxes EU food ban, counts costs

Russia has said its ban on EU food imports will cost it “hundreds of billions of rubles”, while taking several items off the blacklist.

Facebook to shift ad revenue away from Ireland

Public pressure about low corporate taxes appear to have pressured Facebook to launch plans to stop routing international ad sales through its Dublin-based headquarters in Ireland.

News in Brief

  1. EU adopts 'track-and-trace' tobacco system
  2. Luxembourg appeals Amazon tax decision
  3. EU leaders agree to open phase 2 of Brexit talks
  4. Juncker: May made 'big efforts' on Brexit
  5. Merkel took 'tough' line on Russia at EU summit
  6. EU leaders added line supporting 'two-state' solution
  7. EU leaders agree to 20 European Universities by 2024
  8. Belgian courts end legal proceedings against Puigdemont

Stakeholders' Highlights

  1. Dialogue PlatformThe Gülen Community: Who to Believe - Politicians or Actions?" by Thomas Michel
  2. Plastics Recyclers Europe65% plastics recycling rate attainable by 2025 new study shows
  3. European Heart NetworkCommissioner Andriukaitis' Address to EHN on the Occasion of Its 25th Anniversary
  4. ACCACFOs Risk Losing Relevance If They Do Not Embrace Technology
  5. UNICEFMake the Digital World Safer for Children & Increase Access for the Most Disadvantaged
  6. European Jewish CongressWelcomes Recognition of Jerusalem as the Capital of Israel and Calls on EU States to Follow Suit
  7. Mission of China to the EUChina and EU Boost Innovation Cooperation Under Horizon 2020
  8. European Gaming & Betting AssociationJuncker’s "Political" Commission Leaves Gambling Reforms to the Court
  9. AJC Transatlantic InstituteAJC Applauds U.S. Recognition of Jerusalem as Israel’s Capital City
  10. EU2017EEEU Telecom Ministers Reached an Agreement on the 5G Roadmap
  11. European Friends of ArmeniaEU-Armenia Relations in the CEPA Era: What's Next?
  12. Mission of China to the EU16+1 Cooperation Injects New Vigour Into China-EU Ties

Latest News

  1. Catalonia, Brexit, and Uber on EU agenda This WEEK
  2. Macron and Merkel take tough line on Poland
  3. Eurozone future needs structural reforms, EU leaders told
  4. Showdown EU vote on asylum looking likely for next June
  5. EU stresses unity as it launches next phase of Brexit talks
  6. Polish PM ready for EU sanctions scrap
  7. Dutchman to lead powerful euro working group
  8. EU mulls post-Brexit balance of euro and non-eurozone states