Hungary bans imports of agricultural products from Ukraine
Hungary has temporarily banned imports of grains, oilseeds and some other agricultural products from Ukraine.
This was reported by 24.hu with reference to the Minister of Agriculture Istvan Nagy.
“The government is committed to representing the interests of Hungarian farmers, and in the absence of effective measures from the European Union, it, like Poland, will temporarily ban the import of grains and oilseeds from Ukraine and some other agricultural products to Hungary,” Istvan Nagy said.
According to him, this restriction will last until June 30, 2023. During this time, the European Union will be able to find a solution to the current situation, as the continuation of current market trends will cause serious damage to Hungarian agriculture. According to Nagy, Ukrainian agriculture, which operates with production practices that are no longer allowed in the EU and, as a result, with extremely low production costs, has started exporting large quantities of poultry, eggs and honey to the European market, in addition to grains and oilseeds. This made it impossible for Hungarian and Central European farmers to sell their products.
Read also
2026-2030 Economic Outlook: New Business Architecture
Competition and Biofuel Demand Are Transforming the Global Oilseed Market
China uses strategic sulphur reserves as a tactical buffer amid fertilizer supply ...
Rainfall disrupts Brazil’s soybean harvest, but output remains record-high
Egypt, Algeria and Indonesia are the leaders among buyers of Ukrainian wheat
Write to us
Our manager will contact you soon