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Ash4781

Eu Fallow Rule For Farmers Could Be Scrapped (offset Recent Poor Harvests And Soaring Food Prices)

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http://business.guardian.co.uk/story/0,,2168693,00.html

David Gow in Brussels

Thursday September 13, 2007

Guardian Unlimited

The European commission proposed today to scrap the rule requiring EU farmers to leave 10% of their land fallow, which would enable them to grow more grain and offset recent poor harvests and soaring food prices.

In a move coinciding with a "pasta strike" in Italy in protest at a 20% leap in prices, Mariann Fischer Boel, EU farm commissioner, said up to 17m tonnes more wheat, oats and barley could be grown next year under her plans to reduce the set-aside rate for plantings this autumn, winter and spring to zero.

British and other EU producers and retailers have recently announced jumps in the prices of staple foods because of rising commodity prices, grain shortages due to soaring demand from emerging economies such as China and poor weather, and the heavily subsidised switch to crops for biofuels such as maize.

ECB must have said something.

Edited by Ash4781

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