30.4 C
Accra
Monday, December 23, 2024
WorldHungary likely to extend ban on Ukrainian grain importation

Date:

Hungary likely to extend ban on Ukrainian grain importation

Hungary has vowed to extend a ban on Ukrainian grain imports as Slovakia became the third European nation to halt imports due to concerns that a glut is driving down prices and endangering farmers in other European nations.

The European Union must do more to defend Hungarian farmers, according to the agriculture minister of Hungary, Sandor Farkas, who stated on Monday that Budapest may stop imports after June.

“Ukrainian grain imports got stuck in Hungary, driving down prices by about one-third, year on year,” he told parliament, saying he will use “all possible” means to protect Hungarian farmers from market disruptions.

While Slovakia announced its decision to temporarily restrict Ukrainian agricultural imports, several central and eastern European nations claimed they were also considering taking similar action.

To safeguard the interests of their own farmers, officials from Poland and Hungary recently issued prohibitions on the import of Ukrainian grains in response to a recent spike in the price of inexpensive Ukrainian agricultural products within the bloc.

Jaroslaw Kaczyski, the head of the ruling party in Poland, claimed that despite Poland’s support for Ukraine, it was compelled to take action to defend its farmers as the Polish countryside is currently experiencing a “moment of crisis.”

The European Commission has rejected the bans and said in a statement that the “EU’s trade policy is of exclusive competence and, therefore, unilateral actions are not acceptable”.

EU representatives are expected to discuss the issue later this week.

Ukrainian officials have said they regret Poland’s decision, saying while Polish farmers may be suffering, Ukrainians have it worse.

“The first step, in our opinion, should be the opening of transit, because it is quite important and it is the thing that should be done unconditionally and after that we will talk about other things,” Ukrainian Agriculture Minister Mykola Solsky said on Monday.

Talks between Ukrainian authorities and those in Poland, Romania and Slovakia are expected in the coming days.

What’s behind the tensions?

After Russia invaded Ukraine last year, Moscow blocked the Black Sea port’s sea routes, stalling Ukrainian ships from transporting grains and other agricultural products to the rest of the world.

The blockade ended in August with Black Sea grain deal, under which Russia allows the transport of Ukrainian grain.

The EU has lifted all duties on Ukrainian grains and introduced “solidarity lanes” to ensure there are no further obstacles in global exports.

But this move has angered farmers across Eastern and Central Europe.

Roads have been blocked in countries such as Bulgaria and Romania, with farmers protesting that cheaper Ukrainian grain has made them suffer huge financial losses.

Bulgaria’s Agriculture Minister Yavor Gechev said on Monday that while his country is in solidarity with Ukraine “a local glut is being created on the agricultural market, because instead of export corridors, our countries are becoming warehouses”.

His country is also working to ban imports from Ukraine, he said.

[forminator_poll id="710479"]

Latest stories

NPP to set up committee to review defeat in 2024 polls

The New Patriotic Party (NPP) has revealed its intention...

We cannot release results with GHS25m – WAEC to govt

The West African Examinations Council (WAEC) has expressed frustration...

Govt misses T-bills target as interest rates near 30%

The government narrowly missed its treasury bills target as...

NPP issuing last-minute appointments to sabotage us – NDC

The National Chairman of the National Democratic Congress (NDC),...

280 NPP members, including Cynthia Morrison expelled for violating party ethics

The Agona West Constituency of the New Patriotic Party...

Ruto expands cabinet to include more opposition to secure national unity

Kenya’s President William Ruto has brought more opposition leaders...

OB Amponsah makes history with 4,000-seat Comedy Show

Ghanaian optometrist and comedian OB Amponsah made history by...

Related stories

Biden grants full pardon to son Hunter amid criminal sentencing

US President Joe Biden has granted a full and...

Court issues 2-year suspended death sentence to former Bank of China Chair for bribery, others

Former Bank of China chairman Liu Liange on Tuesday received...

Ghanaians among UN peacekeepers injured in Southern Lebanon attacks

The UN peacekeeping force in southern Lebanon has reported...

Russia denies Trump told Putin to restrain Ukraine war efforts

The Kremlin has rejected media reports suggesting that US...

More than 100 detained as protesters defy Amsterdam’s ban on protests

Dozens of pro-Palestinian protesters were arrested in Amsterdam on...

Traffic jam erupts as cyclists from Zhengzhou to Kaifeng for dumplings

A social media trend that began as a lighthearted...

Adin Ross wins $1.6m on Trump election bet after public endorsement

American streamer and social media influencer Adin Ross scored...