EU SCRAPS REMAINING MEAT EXPORT REFUND
July 1st, 2013
THE EUROPEAN Union (EU) will scrap the last remaining export refund available for meat exporters, following a 20 year liberalisation process.Yesterday, (Thursday) the EU’s ‘management committee for the common organisation of agricultural markets: animal products’ agreed to scrap refunds payable for exports of frozen whole chickens (65-70%) to certain destinations, notably in the Middle East and the Commonwealth of Independent States (ex-USSR countries). They fund the difference between global prices and EU prices, where EU prices are higher.With exports ...
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