Finland allocate 15 million EUR to support local manufacturers of dairy products

manufacturers of dairy products

manufacturers of dairy productsThe Government of Finland has decided to allocate 15 million EUR to support local manufacturers of dairy products, who are affected by the embargo on Russia for EU agricultural products and because of problems in the market.

According to the Finnish Ministry of Agriculture, half the funds are from crisis financing of the EU, while the rest are coming from the state budget. The aim is voluntarily lowering of production as a temporary measure, and ensuring stability in the domestic market of dairy products.

The plan provides program participants reduce their production by at least 3% in the first five months of 2017 compared to the same period of this year. It is expected to ensure stability in the domestic market of dairy products and support he producers, covering some of the loses of lost markets.

In early June, the Finnish government has already decided to pay farmers a total of 8.9 million EUR from funds provided by the EU, and a similar amount from the state. About 10 million EUR in aid went to dairy farmers affected by the responses of Russia, and about 8 million EUR to the manufacturers of pork.

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