Primary sector of the economy

Riyadh on June 4 announced a fresh oil output cut following a meeting of major producers aiming to prop up prices despite fears of a recession.

The meeting of the 13-member Organization of the Petroleum Exporting Countries (OPEC) headed by Saudi Arabia and its 10 partners, led by Russia, saw some tough negotiations.

Oil prices fell nearly 1 percent in early European trade, erasing yesterday's gains on concerns about the viability of the bipartisan US debt ceiling deal and mixed messages from top oil producers ahead of the OPEC+ meeting later in the week.

Oil prices continued to fall during trading on Thursday, hitting three-week lows on concerns that rising interest rates policies by leading central banks could limit global economic growth and fuel consumption going forward.

At the same time, the dollar has appreciated in the foreign exchange market, with its strengthening making oil more expensive for buyers in other currencies.

Global oil prices rose after several leading producers, led by Saudi Arabia, surprisingly announced production cuts, AFP reported.

Crude futures rose nearly eight percent, a day after several OPEC+ members unexpectedly announced production cuts totaling more than one million barrels per day.

Egg producers in Bulgaria expect their price to continue to rise even after the doubling of prices in the last year. The forecast is from the chairman of the Association of Industrial Poultry Breeding in our country, Daniel Bozhankov.

Is the market going to be ultimately responsible for crushing the Putin regime through a drastic drop in the price of Russian oil, compared to attempts to limit the price at the international and individual national levels?

President Joe Biden will announce the release of 15 million barrels of oil from the US strategic reserve on Wednesday as part of a response to recent production cuts announced by the Organization of the Petroleum Exporting Countries (OPEC+) nations.

The criteria and the procedure followed for the subsidization of farmers and agricultural holdings that have suffered extensive damage from natural disasters, are determined by the amendment of the Ministry of Finance, submitted to the draft law of the Ministry of Justice entitled "Reforms in the legislative framework of the National School of Judicial Officers

Dubai – Agriculture Minister Jože Podgoršek took part in a debate discussing efforts to tackle global challenges related to smart villages, which was held as part of the Expo 2020 in Dubai on Monday. Countryside digitalisation is one of the priorities of the new common agricultural policy, he said according to the Agriculture Ministry.

Gornja Radgona – Several organisations of farmers staged a protest on Wednesday against solutions contained in the draft national strategic plan for the implementation of the EU’s common agricultural policy, which involves a shift from direct payments to farmers towards the financing of rural development policy.