EU Preparing EUR100mn Aid Package For Grains Market

Wires reporting that the EU is preparing an aid package totaling EUR100mn for the grains market as the impact of the war in Ukraine continues to distort supply of grains and local/regional markets. Wires state that Commission President Ursula von der Leyen is set to present three proposals regarding the grains situation for agri markets, while the EU is to start an investigation 'on other sensible products in relation to situation on agri markets.'

• This comes as a number of CEE EU member states have implemented local restrictions on the supply of Ukrainian grain to their markets after a glut caused local prices to plummet to the detriment of farmers.
• A short time ago, Bulgaria became the latest EU member to implement a restriction on Ukrainian grain, with imports barred except for transit goods, Prime Minister Galab Donev said, Radio Bulgaria reported.
• Following a meeting of ministers, Poland and Ukraine have reached a deal to allow for Ukrainian grain to be transited through Poland. See https://marketnews.com/poland-strikes-revised-grai...for more details.
• CEE experiencing a glut due to logistical difficulties in getting grain to markets in Western Europe and