Bumper harvest across Central Europe prompts EU Commission intervention

A bumper harvest across Central Europe has forced the European Commission to intervene, buying up and moving large amounts of surplus stocks from growers across the Czech Republic, Hungary and Poland to prevent a market collapse. The EU has already committed to buying up 13.5 million tons as "intervention stocks," taking these stocks to their highest levels for six years, with about 60 percent of this coming from the new EU member states. The EU has tried to solve the surplus issue by increasing export subsidies on the free market.

Author: Brian Kenety