The French government has pressed for urgent financial support from the European Commission to offset losses in Europe’s pigmeat sector, which has been struggling since prices dropped in 2007.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The global recession, falling demand and growing gaps between cost and price have further damaged pigmeat profits, noted a Paris-written report for the EU Council of Ministers.
France, claiming support from other unnamed member states, wants the Commission to temporarily reintroduce export refunds, which are generally not available.
France claimed refunds will “facilitate a significant recovery of market prices in the pigmeat sector with a view to at least partly offsetting the considerable losses suffered by pig farmers”.
Its paper said an A/H1N1 swine flu surge in the autumn would probably further depress pigmeat demand.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataParis’ proposals received a frosty reception from the European Commission, which said: “No measure is required at this stage”.
