Romanian Government approved subsidizing of wheat storing and trading

The Romanian Government okayed on Thursday the subsidizing of wheat storing in special spaces, and its trading. Farmers will be granted subsidies for storing a total of 1.5 tonnes of wheat, or 20.4 percent of the crop. Minister of Agriculture, Forestry and Rural Development, Gheorghe Flutur, said subsidies will be given over six months, January 2006 included. As many as 2.5 euros per tonne will be paid for the first month, Flutur also said. For the farmers to enjoy fair participation, the programme does not work according to the principle that the first served is one having come first. The step has been taken for the regulation of the wheat market and for protecting it from speculation.

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