Cereal farmers attack EU

- Last updated on GMT

Related tags: European union, Euro, European commission

Deputy President of the UK`s National Farmers Union (NFU) Tim
Bennett this week expressed his anger to UK DEFRA Minister Lord
Whitty at proposed action by the European Commission to force down
EU cereals prices.

Deputy President of the UK`s National Farmers Union (NFU) Tim Bennett this week expressed his anger to UK DEFRA Minister Lord Whitty at proposed action by the European Commission to force down EU cereals prices. Mr Bennett condemned the EU's intention to abolish a 10 euro import tariff on grain from Eastern Europe and the Baltic. The proposal will go before the Cereals Management Committee next Thursday. He said, "We are outraged at this proposal by the Commission, which is also doing all it can to manipulate the export market and depress internal European prices. We find this absolutely intolerable. "When prices fall, support mechanisms have been eroded to the point where producers are left to bear the brunt of the depressed market. But, as soon as the situation improves, the Commission tries systematically to deny them the benefit of more buoyant prices. ​ "I stressed in no uncertain terms to Lord Whitty that the Government must resist the abolition of the import levy and ensure that the Commission uses its market management powers in a more balanced way." Richard Butler, Chairman of the NFU Cereals Committee, stressed that this proposal was particularly galling for UK producers. He said, "The Commission is reacting to strong continental prices, but the strength of sterling continually drags down our own domestic prices. This iniquitous proposal is damaging our market, but without it ever having hit the sort of levels that our European competitors have enjoyed. "Traders are using this Commission threat to lever down prices as far as they can - the market has already dropped significantly. Do not undervalue the crop that you have to sell this year,"​ he continued.

Related topics: Market Trends

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