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Halloumi Controversy: Cattle Farmers Boycott Support Measures Dialogue

by THEFUTURE.TEAM

July 17, 2024

A significant dispute has arisen in Cyprus regarding support measures for the dairy farming sector, particularly concerning the production of halloumi cheese. Recently, cattle farmers boycotted a scheduled dialogue aimed at discussing these support measures, reflecting deepening tensions between the farmers and the government. The farmers’ absence from the discussions signals their dissatisfaction with the proposed plans, which they believe are insufficient to address the industry’s challenges.

Government’s Stance and Farmers’ Demands

The government has been working on implementing various support measures to aid the struggling dairy sector. These measures aim to alleviate the financial burdens faced by cattle farmers and ensure the sustainability of halloumi production, a key economic and cultural asset for Cyprus. However, the farmers argue that the current proposals do not adequately address the critical issues affecting their operations, such as rising production costs and market pressures.

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Historical Context and Economic Impact

Halloumi cheese, a traditional Cypriot product, has gained significant international recognition and demand. The Protected Designation of Origin (PDO) status granted by the European Union has further boosted its market value. Despite this success, dairy farmers have faced numerous challenges, including fluctuating milk prices, increased feed costs, and competition from imported cheese products.

Farmers’ Concerns

Cattle farmers have been vocal about their need for more substantial support. Their concerns include:

Financial Sustainability: Farmers are seeking measures that provide immediate financial relief and long-term stability.
Market Protection: Ensuring fair competition and preventing market saturation with cheaper, non-PDO-compliant halloumi.
Cost Management: Addressing the rising costs of feed, veterinary services, and other essential inputs.

The Path Forward

The government’s efforts to engage in dialogue with the farmers indicate a willingness to find a collaborative solution. However, the boycott highlights the urgency for more effective and comprehensive strategies that genuinely address the farmers’ grievances. Both parties must work together to safeguard the future of halloumi production, which remains a vital part of Cyprus’s heritage and economy.

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Competition Authority Launches Comprehensive Review of ExxonMobil Cyprus Acquisition

by THEFUTURE.TEAM

September 16, 2025

Investigation Initiated Over Strategic Acquisition

The Competition Protection Authority has commenced a thorough investigation into the acquisition of ExxonMobil Cyprus Limited’s share capital by Petrolina Holdings Public Ltd through Med Energywise Ltd. This inquiry was formally initiated following a session held on 10 September 2025, after an in-depth review of the pertinent report by the Authority’s Service.

Concerns Over Market Compatibility

Authorities have expressed serious concerns regarding the compatibility of the transaction with established competitive practices. The review indicates that the acquisition may affect several critical petroleum markets, both horizontally and vertically, thereby raising the potential for adverse impacts on market dynamics.

Horizontal Market Dynamics

On the horizontal front, potential effects have been identified in the import market for petroleum products, as well as in both wholesale and retail distribution channels of these products. The consolidation is believed to increase the risk of price rises and coordinated actions, given the direct competitive proximity between Petrolina and ExxonMobil.

Vertical and Adjacent Market Implications

Vertical aspects of the merger are also under close scrutiny. The new entity could restrict competitors’ access to critical infrastructure such as storage facilities, supply channels, and customer bases. These restrictions could further affect the onshore distribution of fuels, the wholesale market for lubricants, and specialized technical services connected with fuel station operations.

Local Market Considerations

Particular attention is being paid to the potential concentration in the retail fuel market. The investigation suggests that a reduced competitive landscape within a four-kilometer radius of the companies’ fuel stations could lead to diminished local competition, adversely impacting consumer prices and options.

Next Steps and Industry Impact

The Competition Protection Authority, which reached a unanimous decision to pursue a full investigation, remains open to submissions from parties that might be affected by this transaction, as mandated by current legislation. A final decision is expected within four months upon receipt of all necessary evidence, potentially setting a significant precedent for future market consolidation cases in the energy sector.