01 December 1998
Russian collapse threatens CAP reform — MLC
THE Russian market collapse means stock will not be siphoned off from intervention stores – which could threaten reform of the Common Agricultural Policy (CAP).
Duncan Sinclair, senior economic and policy analyst with the Meat and Livestock Commission, said stocks in intervention store would remain high without a clear alternative market. Experts said some alternatives mooted – such as Japan – were unlikely to buy the quantities required to reduce stocks.
Ireland has re-opened its intervention facilities because of the Russian problem.
The Herald 01/12/98 page 27