BR100 Increased By (0.2%)
BR30 Increased By (0.41%)
KSE100 Increased By (0.07%)
KSE30 Increased By (0.23%)
AGHA 7.75 Decreased By ▼ -0.17 (-2.15%)
BECO 5.19 Decreased By ▼ -0.01 (-0.19%)
BML 58.66 Decreased By ▼ -0.59 (-1%)
BOP 33.69 Increased By ▲ 0.01 (0.03%)
CNERGY 10.61 Increased By ▲ 0.80 (8.15%)
CSIL 5.30 Decreased By ▼ -0.12 (-2.21%)
FCCL 53.74 Increased By ▲ 0.22 (0.41%)
FFL 16.46 Decreased By ▼ -0.22 (-1.32%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 7.28 Decreased By ▼ -0.07 (-0.95%)
KOSM 5.64 Increased By ▲ 0.03 (0.53%)
LOTCHEM 29.65 Increased By ▲ 0.54 (1.86%)
MLCF 96.36 Increased By ▲ 0.86 (0.9%)
NBP 203.53 Decreased By ▼ -0.82 (-0.4%)
NCPL 56.85 Decreased By ▼ -1.39 (-2.39%)
NPL 67.31 Decreased By ▼ -0.48 (-0.71%)
OGDC 318.22 Increased By ▲ 0.28 (0.09%)
PACE 10.63 Decreased By ▼ -0.08 (-0.75%)
PAEL 41.77 Decreased By ▼ -0.06 (-0.14%)
PIBTL 16.81 Increased By ▲ 0.31 (1.88%)
PPL 220.17 Increased By ▲ 0.43 (0.2%)
PRL 49.05 Increased By ▲ 4.46 (10%)
PTC 70.01 Decreased By ▼ -0.76 (-1.07%)
SSGC 29.14 Increased By ▲ 0.21 (0.73%)
TBL 9.77 Decreased By ▼ -0.07 (-0.71%)
TELE 8.82 Increased By ▲ 0.06 (0.68%)
TPL 17.17 Increased By ▲ 0.72 (4.38%)
TPLP 12.51 Increased By ▲ 0.41 (3.39%)
TREET 22.59 Decreased By ▼ -0.21 (-0.92%)
TRG 60.22 Increased By ▲ 0.19 (0.32%)
By

BRUSSELS/PARIS: The European Union will consider letting farmers use fallow land, notably to grow protein crops for livestock feed, to counter disruption to supply from Ukraine following Russia’s invasion, officials said on Wednesday.

Russia’s week-old invasion of Ukraine has sent European wheat prices to record highs. Ukraine and Russia are two of the world’s largest grain exporters.

Trading firms have been seeking EU grain, wheat and corn to replace Ukrainian supplies for export, but the EU is also reliant on imports of corn and sunflower seed for livestock feed.

“A number of member states suggested that we could perhaps use set-aside land for growing protein crops,” French Agriculture Minister Julien Denormandie said after a meeting with EU counterparts to discuss the impact of the war in Ukraine.

The European Commission is to study how to apply such a move, which would modify EU farm policy rules on preserving soils and biodiversity, and make proposals at a next ministers’ meeting on March 21, he told reporters.

French cooperative group InVivo, one of Europe’s largest agricultural firms, earlier on Wednesday said a waiving of set-aside rules under the EU’s Common Agricultural Policy could increase cultivated area by 10-15% and boost EU wheat output.

InVivo, whose activities include distribution of farm supplies and fertiliser production, also wanted the EU to give farmers aid to help with soaring fertiliser costs, Chief Executive Thierry Blandinieres told reporters.

The EU is considering measures on fertilisers in relation to its wider response to the impact of soaring energy costs, EU Agriculture Commissioner Janusz Wojciechowski told reporters.

The EU will also study relief measures for the pig and poultry sectors, and will discuss with international organisations humanitarian aid for Ukraine and the needs of countries that usually rely on Ukraine for food commodities, he added.

Comments

Comments are closed for this article.