Turks anger EU rivals with hazelnut subsidies
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- 11 August 1997 https://www.fwi.co.uk More in News Turks anger EU rivals with hazelnut subsidies - 11 August 1997 >More in News
11 August 1997Turks anger EU rivals with hazelnutsubsidies
TURKEY is expected to announce another round of subsidies for its hazelnut farmers this week. The move will infuriate competing growers and traders in the European Union (EU).
A similar sum to that of last year is expected to be made available. It was equivalent to $212 million (£134m) in 1996. This was used to buy local stocks to create a buffer of 137,500 tonnes
of hazelnuts – about 25% of the world crop.
The buffer stock is influencing world prices.
Financial Times 11/08/97 page 19
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