Agriculture
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In Ireland, beef prices have fallen by 11 to 19% in recent months.
BELGIUM, Brussels. Irish beef producers will receive €50 million from the EU agriculture budget. The EU Member States agree to the aid measure.
In Ireland, beef prices have fallen by 11 to 19% in recent months. The Irish beef sector is extremely dependent on exports and half of its exports go to the UK. As the sale of Irish beef has become more difficult, particularly because of a hard brexite, and prices have already fallen in advance, the EU Commission has proposed aid of €50 mill.
EU Member States agreed in the EU Market Organisation Committee. The government in Dublin is to increase national funding to a total of €100 mill. By the end of July, the government will decide how the aid will be allocated to Irish beef producers. “With this aid, the EU Commission recognises the particular difficulties faced by Irish beef producers”, said EU Agriculture Commissioner Phil Hogan.
Source: az – Axel Mönch