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May 17, 2022
BUSINESS

EU to stock on pork to prevent severe price slump

The European Union will start stocking on pork, to counteract the slump in its price after the Dioxin contamination scandal in Germany, the EU Commissioner for Agriculture, Dacian Ciolos, quoted by Money.ro, stated on Saturday in Berlin. Pork sales in Germany, the biggest market in Europe, dropped steeply after this month’s Dioxin contamination alert. As a consequence, the price of Germany-produced pork dropped by 25 per cent, up to EUR 1.12/ kilo, when purchased from the producer. “Brussels will offer incentives to farmers who stock on pork, in suitable storage conditions, to be sold when prices revert to normal values,” Ciolos explained, adding that an official announcement to this effect would soon be made by the Commission. The EU official promised that he would raise this issue in the Agriculture Ministers’ Council, to take place today.

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