European Agriculture Relief Package to Counter Plummeting Prices

By Justin Kirschner


After protests in Brussels that included hundreds of tractors, burning hay and cowbells, EU farmers are set to get a €500 million relief package aimed at backstopping the agriculture industry against falling prices.  Prices plummeted, Bloomberg News reports, in part because of a Russian ban on many European food exports, including pigmeat.  Within the swine sector, there’s a whiff of cautious optimism that the WTO dispute between Russia and the EU over Russia’s pigmeat ban will soon be settled.  Britain’s National Pig Association, a trade group of commercial pig producers, reports that a “mutually agreed outcome” may come before the end of the year.