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Reading: Problems with Agricultural production in the EU would mean higher prices in BiH
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Sarajevo Times > Blog > BUSINESS > Problems with Agricultural production in the EU would mean higher prices in BiH
BUSINESS

Problems with Agricultural production in the EU would mean higher prices in BiH

Published March 9, 2024
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The President of the FBiH Farmers’ Association, Nedžad Bićo, said that possible problems with agricultural production in the European Union could have a significant impact on Bosnia and Herzegovina, which imports most of its food from the EU.

He added that the current protests of farmers across Europe have exposed numerous and serious problems in that sector and that any major disruption to production in the EU could lead to an increase in prices or even a lack of food in BiH.

Bićo stated that such a scenario should not be ruled out because there is a possibility that sowing in the EU will not start on time or fail because farmers are protesting and not working in the fields.

Farmers in the European Union have been protesting for months, and out of a total of 27 member countries, only Austria, Denmark, Finland and Sweden have not yet had protests.

The reasons for the protests, according to the farmers, are that it is more difficult than ever to earn a decent living because of the costs of energy and fertilizers that are rising due to the war in Ukraine, while at the same time agricultural products from cheap imports enter the EU.

Protests have the potential not only to significantly threaten the economy in individual countries, but also at the level of the European Union.

Economists warn that the protests have coincided with a downturn in all of Europe’s major economies, creating the foundations of a “mega-crisis”, Fena news agency reported.

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