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Spain's truckers strike expands, prompting food shortages

MADRID (Reuters) - Three Spanish truckers unions on Tuesday dismissed a government aid package and joined a spontaneous one-week strike against rising fuel prices that is likely...

MADRID (Reuters) - Three Spanish truckers unions on Tuesday dismissed a government aid package and joined a spontaneous one-week strike against rising fuel prices that is likely to aggravate a shortage of food products in supermarkets across the country.

The three truckers unions opted to join the strike after they decided a 500 million euro ($550.45 million) government support package offered on Monday was vague and not enough to compensate for the soaring price of diesel.

High energy costs, exacerbated by Russia's invasion of Ukraine, have compounded general price increases, threatening to slow the post-pandemic economic recovery and generating social discontent in many countries.

The government plan scheduled to be approved on March 29 "doesn't specify what it will comprise, how it will work and, more importantly, how much aid each trucker would get," the three unions said in a joint statement.

In the face of an increasing risk of shortages, Transport Minister Raquel Sanchez said on Tuesday the government was considering general fuel price reductions.

The three unions joined a loose group of truck drivers and small truck owners, calling itself the Platform for the Defence of Transport, that went on strike on March 14 to press demands for lower taxes and lighter regulations, saying they run the risk of "total bankruptcy".

The strike's first week caused disruption of supply chains in several industries and episodic shortages of some fresh products, such as eggs and other dairy supplies. On Tuesday, French giant Danone and Dutch brewer Heineken (OTC:HEINY) said they may have to curtail production because of a lack of some raw material.

Carmelo Gonzalez, the president of the country's main trade association of hauliers said the country could grind to a standstill later this week as up to 60% of drivers have walked out in some areas.

Top government officials initially dismissed the protests, saying the platform, mainly organised through social media, lacked representation, then added its members were linked to far-right groups. The Platform said it is non-partisan.

($1 = 0.9083 euros)

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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Cập nhật lúc 10:45:15 01/05/2024
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