Arab Today, arab today eu fights to aid peach market bruised by russian sanctions
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

EU fights to aid peach market bruised by Russian sanctions

Arab Today, arab today

Arab Today, arab today EU fights to aid peach market bruised by Russian sanctions

European Union moves to prop up
Moscow - AFP

The European Union moved on Monday to prop up the hard-hit peach market, badly bruised by poor weather and an import ban by Russia.

The price of peaches and nectarines has plummeted in European stores this year, mostly due to a crop that matured far earlier than usual amid lower demand for the summer fruit due to inclement weather.
"Following the recent decline in prices on the peach and nectarine markets, urgent action is needed to prop up the market and I intend to act immediately," EU Agricultural Commissioner Dacian Ciolos said in a statement.
"I will be proposing today that the European Commission take immediate, retroactive measures aimed at reducing supply and promoting demand," he added.
The sale of peaches has been affected further by the ban by Russia of key farming imports from the EU, with countries such as Greece subject to a major reduction in demand of their peach produce.
"We are monitoring markets closely and I will not hesitate to do likewise to assist other sectors dependent on exports to Russia, should it be necessary,” Ciolos said.
And although the steps were already under discussion, "the announcement of import restrictions by Russia risks to further aggravate the market situation and has accelerated the need for action," an EU statement added.
Other than Greece, the main producers of peaches in the EU are Italy, Spain and France.
To fight the falling prices that are squeezing producers, the EU will allow farming cooperatives to withdraw 10 percent of their peach and nectarine supply from the market, an increase from the normally allowed 5 percent.
The EU said it would also release funds for the promotion of peaches, which have suffered from an increased taste for other fruits, such as apricots.
The formal decision to adopt the measures will be taken in the next few weeks, but will be implemented retroactively to Monday if confirmed, the EU said.
EU member states produce 2.5 million tonnes of peaches every year and 1.2 million tonnes of nectarines.
The Russian embargo announced last week came in retaliation against US and European sanctions over Russia's alleged role in separatist violence in the eastern Ukraine.
The year-long embargo bars imports of meats, fruits and vegetables, fish, and dairy products from the EU, the United States, Australia, Canada and Norway.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu fights to aid peach market bruised by russian sanctions Arab Today, arab today eu fights to aid peach market bruised by russian sanctions

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu fights to aid peach market bruised by russian sanctions Arab Today, arab today eu fights to aid peach market bruised by russian sanctions

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday