Economy

The Government of the Canary Islands is studying possible aid to the livestock sector due to the increase in the price of raw materials

The livestock sector is asking for more aid in the REA and POSEI, as well as greater control of imports and compensatory measures for the rise in freight rates.

EKN

The President of the Government of the Canary Islands, Ángel Víctor Torres, held a meeting with representatives of the livestock sector to discuss proposals to help alleviate the difficult situation in which their workers find themselves due to the increase in the price of raw materials.

Torres analyzed, together with the Minister of Agriculture, Livestock and Fisheries of the Government of the Canary Islands, Alicia Vanoostende, and the Director General of Livestock, Taishet Fuentes, issues such as the impact of the invasion of Ukraine on the control of imports, compensatory measures for the rise in freight rates, as well as aid in the Registry of Accredited Companies (REA) and in the Program of specific options due to remoteness and insularity (POSEI).

“The rise in the price of raw materials has been aggravated by the invasion, but it had already been occurring since the pandemic, so the Canarian Government articulated extraordinary aid valued at more than 7 million with the aim of mitigating the damages of the coronavirus in the sector”, explained President Ángel Víctor Torres.

Specifically, the livestock sector has been experiencing increases of up to 40% in costs for feeding their animals for months. Figures that have now increased to 70%, as highlighted by the representative of COAG Canarias, Rafael Hernando, at the meeting.

For its part, the Government of the Canary Islands assured that it will study all the proposals to help mitigate this crisis.