AGL 5.27 Decreased By ▼ -0.23 (-4.18%)
ANL 8.45 Decreased By ▼ -0.04 (-0.47%)
AVN 75.82 Increased By ▲ 0.02 (0.03%)
BOP 5.15 Decreased By ▼ -0.09 (-1.72%)
CNERGY 4.41 Decreased By ▼ -0.01 (-0.23%)
EFERT 81.30 Decreased By ▼ -0.33 (-0.4%)
EPCL 49.29 Decreased By ▼ -0.41 (-0.82%)
FCCL 12.40 Decreased By ▼ -0.39 (-3.05%)
FFL 5.51 Increased By ▲ 0.01 (0.18%)
FLYNG 6.82 Increased By ▲ 0.09 (1.34%)
FNEL 4.68 Decreased By ▼ -0.02 (-0.43%)
GGGL 9.27 Increased By ▲ 0.85 (10.1%)
GGL 14.88 Increased By ▲ 0.93 (6.67%)
HUMNL 6.18 Increased By ▲ 0.10 (1.64%)
KEL 2.57 Increased By ▲ 0.01 (0.39%)
LOTCHEM 27.73 Increased By ▲ 0.08 (0.29%)
MLCF 23.57 Decreased By ▼ -0.22 (-0.92%)
OGDC 71.91 Increased By ▲ 0.81 (1.14%)
PAEL 15.13 Increased By ▲ 0.10 (0.67%)
PIBTL 4.83 Decreased By ▼ -0.07 (-1.43%)
PRL 15.66 Decreased By ▼ -0.32 (-2%)
SILK 1.07 Decreased By ▼ -0.03 (-2.73%)
TELE 8.85 Increased By ▲ 0.03 (0.34%)
TPL 7.34 Increased By ▲ 0.26 (3.67%)
TPLP 19.49 Increased By ▲ 0.23 (1.19%)
TREET 21.08 Increased By ▲ 0.23 (1.1%)
TRG 137.25 Increased By ▲ 0.65 (0.48%)
UNITY 16.30 Decreased By ▼ -0.25 (-1.51%)
WAVES 9.35 Increased By ▲ 0.10 (1.08%)
WTL 1.38 Increased By ▲ 0.03 (2.22%)
BR100 4,164 Increased By 6.3 (0.15%)
BR30 15,350 Increased By 10.3 (0.07%)
KSE100 41,698 Increased By 46.7 (0.11%)
KSE30 15,402 Increased By 22.3 (0.15%)
Follow us

MONTAGNAC, (France): French Prime Minister Jean Castex on Saturday pledged more than one billion euros in aid for farmers and winemakers reeling from the worst frost in decades.

Across France, agriculturists are counting their losses after the freeze - which followed a period of unseasonably warm weather - affected hundreds of thousands of hectares of crops and vines in 10 of the country's 13 regions. "An exceptional situation, exceptional measures. I have just announced a significant effort on the part of the state of over one billion euros ($1.2 billion) as the situation justifies it," Castex told a meeting of farmers' representatives and local elected officials in southern France.

He said emergency aid would be given "in 10 or 15 days" to local officials to help the worst-affected farmers.

Arborists or tree growers qualifying for compensation under the current state of agricultural calamity regime would be paid for 40 percent of their losses.

They are usually paid up to 35 percent under European rules. Other measures will include tax breaks.

As well as vines, growers of kiwis, apricots, apples and other fruit have been badly hit along with farmers of other crops such as beet and rapeseed.

"The government has taken stock of the seriousness of the situation," Christine Lambert, the president of the main farmers' union FNSEA told AFP, adding that it had reacted "speedily".

Agriculture minister Julien Denormandie said the government funds would be used for "rapid compensation."

Comments

Comments are closed.

France to give 1bn euros aid to farmers hit by frost

Economy: Dar, others take stock of situation

Weekly SPI inflation unchanged on average

Xi calls for oil trade in yuan

Unilateral hike in rates of SEZs’ plots disallowed

FTO orders FBR to release soybean consignments

Russia could cut oil production over West’s ‘stupid’ price cap

Oil rebounds, but still on track for biggest weekly declines

ECs: SBP further tightening data reporting mechanism

Wapda asked to shift troops from Dasu hospital

Matters adjudicated by courts: FBR maintains no data bank