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Mumbai, 30 Mar (Commoditiescontrol):Poland and Romania have appealed to the European Commission to introduce an export tracing mechanism for Ukrainian grain, citing concerns that Ukrainian imports are undercutting local crops. The countries' prime ministers, Mateusz Morawiecki and Nicolae Ciuca, revealed their appeal at a business conference in Bucharest on Tuesday.
The senior officials explained that Ukraine has been shipping much of its grain through neighbouring Eastern European countries after its Black Sea ports were blocked amid Russia's military operation. According to European Commission estimates, farmers from Poland, Romania, Hungary, Bulgaria, and Slovakia have lost some €417 million ($451 million) over the past year due to the oversupply of grain caused by Ukrainian exports.
This is not the first time that EU members have drawn attention to the problems that Ukrainian grain transit causes for Eastern European countries. Led by Poland, six nations asked Brussels for compensation for farmers and a halt to Ukrainian transit through their territories back in January. Romanian Agriculture Minister Petre Daea said earlier this month that the European Commission planned to allocate €56.3 million to compensate farmers but described that amount as insufficient and urged Brussels to assign more from the European Commission's reserve fund.
The commission is expected to make a final decision later this week. The Polish PM was quoted as saying, "This grain, as promised by the European Commission, was supposed to go to Africa and the Middle East. Meanwhile, procedural imperfections and tardiness in certain areas led to the fact that some of this grain and other agricultural produce has remained, thereby driving down prices for farmers." Both nations are fighting together for this grain to leave their countries and need Brussels' help with their cause.
(By Commoditiescontrol Bureau: 09820130172)
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