Europe

Ministry of Agriculture to provide financial support to stabilize grain prices



Global price increases due to the conflict between Russia and Ukraine have led the government to provide financial assistance to agriculture and fisheries to stabilize prices.

The regions of Ukraine and Russia are the world’s largest exporters of grain and agricultural products. Ukraine occupies 11% of the market and Russia occupies 20%.

Pandemics and conflicts put countries like Malta in a difficult position due to consumption restrictions and infrastructure restrictions for long-term storage of products.

“These factors not only led to higher prices, but also risked the safety of supply to the local market. Prices rose across gloves, but on Malta, they are related to size and islandness. The impact was felt dramatically because of the dual challenges of doing so, “the ministry said in a statement on Monday.

The Ministry of Agriculture, Forestry and Fisheries said it would work with the Ministry of Finance to launch a temporary price stabilization subsidy to guarantee supply to the local market.

This scheme applies to the import of grains and flour for both human and animal consumption.

Those who wish to apply for a scheme can do so by requesting an electronic version of the application by email from [email protected].. The application will end on May 20th.



https://www.independent.com.mt/articles/2022-05-09/local-news/Agriculture-Ministry-to-provide-financial-assistance-to-stabilise-grain-prices-6736242796 Ministry of Agriculture to provide financial support to stabilize grain prices

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