AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

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.