Hungary explains why it banned Ukrainian grain ...News

Russia Today - Economy
Hungary explains why it banned Ukrainian grain
source : Russia Today ( News ) () 40
Cheap produce is hurting domestic farmers, the minister of agriculture has said Wheat prices in Hungary have plummeted by up to 37% due to an influx of cheap Ukrainian supplies, resulting in massive losses for domestic farmers, Agriculture Minister Istvan Nagy said in an interview with the Magyar Nemzet newspaper published on Monday. The European Union lifted tariffs on Ukrainian grain last year to help transport it to the rest of the world via all possible routes. Nemzet noted that the EU had initially touted the initiative as a way to help Ukrainian exports reach poorer nations in the Middle East and Africa. How

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