EU/UK: UK livestock farmers win compensation for exchange rate fluctuations
British livestock farmers are to be paid the equivalent of £153.8m to compensate them for fluctuations in the exchange rate between Sterling and the Euro this year, the European Commission announced yesterday [Wednesday]. About £95.6m of the money will come out of the EU budget and the remainder from the UK treasury. UK farmers have received lower returns from sales and from EU subsidies as a result of the strength of Sterling. About half the cash will go to milk producers, about a quarter to beef and veal producers and the remainder to sheep producers.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- just-food 2017 Survey - your thoughts on growth
- 2017 - what will shape the UK food sector?
- Food market in 2017: need-to-know US trends
- Food market in 2017: big foodservice trends
- Could BRF's Turkey move pave way for OneFoods IPO?
- Ferrero insists Nutella not pulled from shelves
- UK's Bakkavor plays down IPO "speculation"
- Dairy giant Muller appoints new CFO, COO
- Kellogg announces new "nutritious" line-up
- PepsiCo launches Walkers Mediterranean in UK