Brussels - The European Union is to re-introduce import duties for cereals to protect EU farmers from rapidly-falling prices, officials in the EU's executive, the European Union, said Friday.
Over the last year Europe has been hit by record food-price rises, with EU officials pledging on September 17 to boost the bloc's food- aid programme for poor Europeans by some 70 per cent.
But prices for wheat have fallen from around 300 euros (403 dollars) per ton in September 2007 to just 160 euros per ton this October, commission officials said.
That development followed a record harvest of 300 million tons of wheat this year, 20 per cent higher than the 2007 harvest, officials said.