BRUSSELS SCRAPS EU PIGMEAT EXPORT REFUNDS AND SLASHES BEEF EXPORT REFUNDS
April 1st, 2012
BY KEITH NUTHALL
THE EUROPEAN Commission yesterday (Thursday 19-20) announced it would reduce European Union (EU) beef export refunds by 33% and slashed pork export refunds to zero. The move follows a meeting of the EU's Single Common Market Organisation Management Committee, which could not decide on whether to change these subsidies - effectively granting the Commission authority to make its own decision. The changes will come into force today or tomorrow (Saturday).
On beef, Brussels will reduce export refunds by 33%, with the central rate for carcasses being ...
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