News Column

Macedonia allocates EUR 4.9mn in subsidies for agricultural crops

February 26, 2014

Macedonia's government paid MKD 305.2mn (EUR 4.9mn) worth of subsidies to growers of agricultural crops, the finance ministry said. A total of 18,688 farmers that grow wheat, barley, maize, rye, oats, rise, lentil, peanuts and soya (among others) will benefit from the financial assistance provided by the state.

Agricultural output prices in Macedonia grew by 9.9% y/y in January, accelerating from the 9.5% increase in December on the back of faster growth of crop production prices.

Crop production prices went up 13.1% y/y in January after rising by 12.8% in the previous month. The highest annual increase in prices was reported for vegetables (up 24.9%), while the deepest decline was registered for prices of cereals and rice (down 21.1%).

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: IntelliNews - Weekly Reports

Story Tools