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Hungary says Germany to store 500,000T grain |
Germany has offered Hungary storage space for around 500,000 tonnes tonnes of grain, a quarter of the 2 million tonnes Hungary had requested, Hungary's Agriculture Ministry said on Friday.
Hungarian farmers had offered 3.17 million tonnes of grain, mostly wheat and maize, for European Union intervention up to Jan. 2 following their excellent harvest last summer, creating a large storage problem.
"Hungary has held talks with Belgium and Germany about storage, and the most significant offer came from Germany, for around 500,000 tonnes," Press Chief Andras Dekany told Reuters.
Dekany said Belgium had offered storage for 300,000 tonnes.
The EU buys grain at a fixed price under its intervention system and new entrant Hungary has so far accounted for around half of this season's total EU intervention offers.
German officials said earlier that Hungary had sought to store up to 2 million tonnes of grain in their country.
Dekany said Hungary would evaluate Germany's offer, and ways to transport the grain to Germany, by early next week.
He confirmed that Budapest had asked the EU to pay for transporting the grain to Germany, and that a decision from Brussels can be expected this month.
Source: Reuters
10.01.2005
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