| The EU Agriculture Commission, according to the SovEcon center, decided to provide export subsidies in the amount of 5 and 4.99 euros/t for the export to third countries of 234 thousand tons of wheat and 32 thousand tons of barley, respectively. Subsidizing European exports will not only increase them, but also avoid large-scale purchases of grain for intervention funds in anticipation of the expected high harvest in the EU. According to SovEcon experts, this decision will deal the main blow to countries that do not resort to state subsidies for agricultural exports (the so-called Kern group of the WTO), as well as Russia and Ukraine. The EU, while closing its market to Russian-Ukrainian grain supplies (“you are selling too cheap”), is simultaneously starting to use subsidies to squeeze out eastern competitors in the wheat and barley markets of third countries. "TIME FOR NEWS"
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