The Cyprus Agricultural Payments Agency (CAP) announces that payments, totalling €33,195 for the financial year 2022, have been completed to the beneficiaries who participated in the exceptional measure for the private storage of pig meat (CAP 12).
The pig meat sector has been facing serious difficulties for several months. The severe slowdown in exports to China, the further spread of African swine fever in several Member States and the continuing impact of the Covid-19 restrictions have put pressure on the Union market for slaughter pigs.
In addition, Russia's invasion of Ukraine has also caused additional market disruption and severely affected Union pig meat exports. The consequence of this situation was a sharp drop in export demand for certain pigmeat products.
In order to reduce the current imbalance between supply and demand, the European Union considered it appropriate to grant aid for private storage of pigmeat and to fix the amount of the aid in advance.
The funding came entirely from European Union funds.
(NΓ/ΣΧ)
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