Hungary tightens control over the transit of Ukrainian grain

UkrAgroConsult

Hungary is tightening control over the transit transportation of Ukrainian grain through its territory to ensure that it actually gets to the destination countries.

This was reported by the press service of the Ministry of Agriculture of Hungary.

According to the Minister of Agriculture Istvan Nagy, these measures are necessary to protect the interests of European farmers who suffer losses due to the supply of Ukrainian agricultural products to local markets at dumping prices.

“In addition, Ukrainian agriculture, which enjoys full duty-free status, has started exporting large volumes of poultry, eggs and honey to the European market, which displaces Hungarian products from traditional markets and reduces farmers’ selling prices below production levels,” the minister said.

Nagy noted that to remedy the situation, the prime ministers of Hungary, Poland, Slovakia and Romania and the president of Bulgaria in a joint letter asked the president of the European Commission to immediately take measures to address the unstable situation caused by the increase in grain imports from Ukraine.

As a reminder, Ukraine has suspended exports of wheat, corn, rapeseed and sunflower to Poland until the new season.

Further development of the Black Sea and global grain and oilseeds markets will be discussed by UkrAgroConsult analysts and leading agribusiness operators at the EURO GRAIN HUB Exchange & Forum on April 26-28 in Bucharest, Romania.  Join the key stakeholders from the Black Sea region, Central & Eastern Europe and Balkans, contributing to the global commodity supply chain.

Tags: restrictions, Ukraine, grain, Hungary