Dairy Product Council: the dairy sector needs 40-50 billion HUF
The EU milk quota system that was established 31 years ago will be terminated within a few days. From 1 April, only the possibilities and the capabilities of the Member States will impose limits on the production – the mno.hu wrote.
Harcz Zoltán, executive director of the Dairy Product Council and Interprofessional Organization told that the termination of the administrative production limit will not directly affect Hungary, because Hungary was always performing under the quota. However, indirect effects can be expected, because there are a number of Member States in the Union, that have already reached or exceeded their quota. Over the past year, the production of the union increased by 4-6 percent and further expansion is expected in the coming years. (Köpöncei Csilla, Magyar Nemzet Online)
Related news
Temu would enter the EU market with local manufacturers
Temu’s rise in Europe is making waves – but now…
Read more >The European Commission has authorised the import of genetically modified soybeans into the EU
The European Commission has authorised the import of genetically modified…
Read more >Divisive deal: EU import quota for Ukrainian agricultural products increases
The European Union has signed a new agreement with Ukraine…
Read more >Related news
The wallet sets the limits to consumer awareness
Consumers want to buy healthy, sustainable, and affordable ingredients and…
Read more >Expensive snacks – you have to dig deeper into your wallet for meat
Despite the fact that pork remains popular among Hungarian consumers,…
Read more >Global Minimum Tax: American corporate groups may be permanently exempt from regulation
There have been exciting developments in the recent period regarding…
Read more >