News Support measures
Brussels considers buying pork again
If the price crisis on the pig market continues, the European Commission may still set up a support package. At first this seemed like a closed book, but now European Commissioner Janusz Wojciechowski (photo) has announced that he will review the situation at the beginning of 2022.
Several Member States have been pushing for a support package for the pig sector for some time, which has been confronted with extremely low yields for a long time. During the last meeting last week, it was therefore urged to buy pork through private storage. Thirteen countries, including Portugal, Poland, the Czech Republic, Bulgaria and France are in favour.
A small majority is against. Countries such as Germany, Denmark and the Netherlands do not see this measure as a solution to the problem. These bought-up stocks may relieve the market in the short term, but then the market recovery is in the way, or so the idea is. Wojciechowski announced last week that he would reassess the market situation in early 2022. If the market does not recover, he will reconsider a support package.
Emergency aid in Germany?
Meanwhile, the Minister of Agriculture in the German state of Bavaria has called for national emergency financial support for pig farmers. In this the minister refers to the Polish example. Poland recently released just under €90 million to help sow farmers in the country through the crisis. Apart from a possible national support programme, pig farmers in Germany can now also make use of corona emergency support, but this is not sufficient to close the holes in the current account.
Wouter Job
© DCA Market Intelligence. This market information is subject to copyright. It is not permitted to reproduce, distribute, disseminate or make the content available to third parties for compensation, in any form, without the express written permission of DCA Market Intelligence.