Serbia's farmers block roads to demand higher subsidies, cheaper fuel
BELGRADE, Nov 20 (Reuters) - Hundreds of farmers blocked roads throughout Serbia's northern breadbasket region of Vojvodina on Monday, demanding more subsidies and an end to excise duties on fuel.
The blockades that brought parts of Vojvodina to a standstill, come at a time when the ruling Serbian Progressive Party and its partners are locked in a heated campaign with the opposition ahead of a Dec. 17 snap parliamentary vote.
Farmers, supported by opposition parties and movements in Vojvodina, want the outgoing government of Ana Brnabic to increase state subsidies to 35,000 dinars ($326) per hectare, from around 9000 currently.
Jovan Jovanov, a farmer, said protesters blocked a highway and a road junction near the regional capital of Novi Sad on Monday.
"This morning we blocked the ... highway ... we will allow vehicles through every two and a half hours," Jovanov told reporters.
Farmers are also demanding state-subsidised loans in 2024, incentives for cattle and dairy production, sales of diesel fuel without an excise tax, and regulation of the commodities market, among other things.
Agriculture minister Jelena Tanaskovic last week said total agricultural subsidies in the 2024 budget amounted to 100 billion dinars, requesting that farmers propose how to distribute the funds.
Further talks between the government and farmers have been announced for later in the day.
In 2022, agriculture accounted for more than 6.7% of Serbia's economy and over 21% of exports.
($1 = 107.2200 Serbian dinars)
Reporting by Aleksandar Vasovic; Editing by Kirsten Donovan
Our Standards: The Thomson Reuters Trust Principles.
How do futures traders review their trading?
Futures trading is a form of financial speculation that involves buying and selling contracts that represent the future delivery of an asset, such as a commodity, a currency, an index, or a stock. Futures traders aim to profit from the price movements of the underlying asset, without actually owning
Futures night trading hours
Futures are contracts that obligate the buyer or seller to exchange an asset or commodity at a specified future date and price. They are used for hedging, speculation, and arbitrage purposes in the global market. Futures can be based on various underlying assets, such as currencies, commodities, ind
How can futures efficiently increase the success rate of intraday trading?
Intraday trading is a form of trading that involves buying and selling securities within the same trading day, without holding any positions overnight. Intraday traders aim to profit from the short-term price fluctuations of the market, using various tools and strategies to analyze and execute trade
What are the factors that can affect how much money can be made in futures?
Futures trading is a form of financial speculation that involves buying and selling contracts that represent the future delivery of an asset, such as a commodity, a currency, an index, or a stock. Futures traders aim to profit from the price movements of the underlying asset, without actually owning