Hungary banned all grain exports effective immediately due to the price increases caused by the Russian war against Ukraine.Continue reading
Hungary’s opposition parties on Saturday promised to supplement the emergency EU support provided to the country’s agriculture sector to the maximum extent possible if they won next week’s general election.
The Russia-Ukraine war has led to rising food and energy prices and high fertilizer costs, prompting the European Commission to approve an emergency support package for the bloc’s agriculture sector, the parties said in a statement. Hungary will be entitled to 6.5 billion forints (EUR 17.4m) in funds, which the government can supplement by double that amount, they added.
The opposition underscored the importance of helping farmers, saying that if they won the April 3 general election they would immediately cut the VAT on basic foods to 5 percent and compensate producers who have had to buy fuel at market price.
Featured photo by Tamás Sóki/MTI