Eduardo Oliveira e Sousa warns that consumer prices for agricultural products will continue to rise “for some time, even if inflation stops”, and only a “miracle” would see their return to the values of a year ago. "It is natural that they will continue to rise for some time to amortize the difference in speed between the increase in production cost and the sale value of that same product", says the president of the Confederation of Farmers of Portugal (CAP).
In an interview with Jornal de Negócios and Antena1, the spokesperson says that many farms linked to livestock have already closed and that “another type of bankruptcy, associated with the electricity bill” is coming, when they do the accounts at the end of the year.
He added that, despite the rain that has fallen in recent weeks, in the south of the territory the scarcity situation is far from being overcome, and the CAP leader criticizes the Minister of Agriculture for the fact that, unlike the Spaniards, Portuguese farmers have not yet received “one euro” of drought-related support. He points out Maria do Céu Antunes's lack of “political and technical ability” to solve this problem — and equally of technical capacity when it comes to managing the Strategic Plan for Common Policy (PEPAC).
Related article: Farmers looking for support.