Hungarian Grain Produces Lost 30% in Profit due to Ukrainian Imports

https://sputnikglobe.com/20230417/hungarian-grain-producer-incomes-down-about-30-due-to-cheap-ukrainian-imports-1109595509.htmlHungarian Grain Producer Incomes Down About 30% Because of Low cost Ukrainian ImportsHungarian Grain Producer Incomes Down About 30% Because of Low cost Ukrainian ImportsIn line with Hungarian agriculture minister, nationwide corporations misplaced from 23% to 37% of earnings as a consequence of Ukrainian dumping costs2023-04-17T14:34+00002023-04-17T14:34+00002023-04-17T14:34+0000financial systemukrainian disastergrainhungaryukraine/html/head/meta[@name="og:title"]/@content material/html/head/meta[@name="og:description"]/@content materialhttps://cdn1.img.sputnikglobe.com/img/07e5/0a/07/1089742425_0:0:3173:1785_1920x0_80_0_0_b5c41b97ae17ca6be77ff4af97db0963.jpgIn line with him, the higher …

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Hungarian Grain Producer Incomes Down About 30% Because of Low cost Ukrainian Imports

Hungarian Grain Producer Incomes Down About 30% Because of Low cost Ukrainian Imports

In line with Hungarian agriculture minister, nationwide corporations misplaced from 23% to 37% of earnings as a consequence of Ukrainian dumping costs

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In line with him, the higher a part of meals merchandise imported from Ukraine for EU transit has remained in Hungary. Along with grain, Ukraine has used its non permanent duty-free association with the EU to export honey, poultry and eggs, displacing Hungarian merchandise from its common markets, the minister mentioned. The low value of Ukrainian grain is the results of crop rising strategies unusual within the European Union, Nagy added. The Hungarian nationwide meals chain security workplace found circumstances of Ukrainian grain being contaminated with mycotoxins, and several other samples examined constructive for genetically modified organisms. On Saturday, Poland and Hungary mentioned they have been banning imports of Ukrainian agricultural merchandise till June 30, citing the necessity to defend home farmers from the uncontrolled inflow of low cost grain from Ukraine. On Monday, Slovak Prime Minister Eduard Heger mentioned that Slovakia would be part of these international locations in suspending grain imports from Ukraine. Bulgaria can be mulling an analogous ban, in line with the nation’s agriculture minister, Yavor Gechev. In late March, prime ministers of Bulgaria, Hungary, Poland, Romania and Slovakia printed a joint open letter to President of the European Fee Ursula von der Leyen, calling for measures to counteract the unfavorable results of the elevated Ukrainian grain imports. Since early February, a number of Polish farmer organizations have been protesting the uncontrolled import of low cost Ukrainian grain.

https://sputnikglobe.com/20230402/influx-of-ukraines-cheap-grain-to-europe-fuels-anger-erodes-support-for-kiev-regime-1109048118.html

https://sputnikglobe.com/20230412/high-levels-of-pesticides-found-in-ukrainian-grain—slovak-agriculture-minister-1109394117.html

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BUDAPEST (Sputnik) – Hungarian grain producers misplaced from 23% to 37% in earnings over the previous 12 months as grain imports from Ukraine jumped from 40,000-60,000 tonnes to 2.5 million tonnes, Hungary’s agriculture minister, Istvan Nagy, mentioned on Monday.

“In line with the generalized information, the full quantity of Ukrainian grain and oil cultures was 2.5 million tonnes final 12 months, of which 1.8 million tonnes is direct import and 0.7 million tonnes is oblique. Simply to know how massive this quantity and the issue brought on by it are: within the earlier years common Ukrainian import was round 40,000-60,000 tonnes a 12 months,” Nagy informed Hungarian newspaper.

Grain harvest in the fields - Sputnik International, 1920, 02.04.2023
Inflow of Ukraine’s Low cost Grain to Europe ‘Fuels Anger, Erodes Assist’ for Kiev Regime

In line with him, the higher a part of meals merchandise imported from Ukraine for EU transit has remained in Hungary.

“The key half has most likely stayed within the nation, which we really feel based on costs. In line with our value system information, the producer value of edible wheat in Hungary with out worth added tax and transportation value is 27% decrease than a 12 months in the past, the worth of fodder wheat is 37% decrease and fodder corn is 23% decrease,” Nagy mentioned.

Along with grain, Ukraine has used its non permanent duty-free association with the EU to export honey, poultry and eggs, displacing Hungarian merchandise from its common markets, the minister mentioned.

The low value of Ukrainian grain is the results of crop rising strategies unusual within the European Union, Nagy added. The Hungarian nationwide meals chain security workplace found circumstances of Ukrainian grain being contaminated with mycotoxins, and several other samples examined constructive for genetically modified organisms.

Wheat grain crops - Sputnik International, 1920, 12.04.2023
Excessive Ranges of Pesticides Present in Ukrainian Grain – Slovak Agriculture Minister

On Saturday, Poland and Hungary mentioned they have been banning imports of Ukrainian agricultural merchandise till June 30, citing the necessity to defend home farmers from the uncontrolled inflow of low cost grain from Ukraine. On Monday, Slovak Prime Minister Eduard Heger mentioned that Slovakia would be part of these international locations in suspending grain imports from Ukraine. Bulgaria can be mulling an analogous ban, in line with the nation’s agriculture minister, Yavor Gechev.

In late March, prime ministers of Bulgaria, Hungary, Poland, Romania and Slovakia printed a joint open letter to President of the European Fee Ursula von der Leyen, calling for measures to counteract the unfavorable results of the elevated Ukrainian grain imports. Since early February, a number of Polish farmer organizations have been protesting the uncontrolled import of low cost Ukrainian grain.



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