• World - Europe
  • Updated: April 19, 2023

EU To Provide $109.32M Support To Farmers Amid Ukraine Grain Import Increase

EU To Provide $109.32M Support To Farmers Amid Ukraine Grain

European Commissioner for Trade Valdis Dombrovskis

The European Union (EU) has announced a plan to provide $109.32 million in support to farmers as Ukraine continues to increase its grain exports to the EU.

The move aims to help European farmers compete with Ukrainian grain producers, who have benefited from lower production costs and favourable exchange rates.

Ukraine has become a significant exporter of grain in recent years, with the EU being one of its major markets. The country's grain exports to the EU have risen sharply, causing concern among European farmers who are struggling to compete with Ukrainian producers.

The EU's decision to provide support to its farmers comes amid growing pressure from agricultural lobby groups, which have been calling for measures to protect European agriculture.

Under the plan, the EU will provide direct support to farmers who have been affected by the increase in Ukrainian grain imports.

The support will be targeted at farmers who have been hit the hardest by the competition from Ukraine. In addition, the EU will also invest in research and development to help European farmers improve their competitiveness and adapt to changing market conditions.

The move by the EU has been welcomed by many in the agricultural sector, who have long been calling for measures to support European farmers. However, some have criticized the plan, arguing that it does not go far enough in protecting European agriculture.

The issue of competition from non-EU countries has been a major concern for European farmers for some time, with many arguing that they are at a disadvantage due to higher production costs and stricter regulations. The EU has been under pressure to address these issues and provide support to its farmers in order to ensure their survival in an increasingly competitive global market.

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Quadri Adejumo
Quadri Adejumo

Quadri Adejumo covers World News, Health, Climate & Humanitarian.

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