European Commission forecasts recovery in EU cereal production

Agro Napló
EU cereal production is expected to recover slightly in the year ahead, although levels are likely to remain below average. This is just one of the findings of the latest short term outlook report from the European Commission's agriculture and rural development department, published on October 2017.

The report, which is based on data collected up to 15 September 2017, also predicts that the quality of the cereal crop is expected to be mixed, and that world and EU prices are not projected to rise due to abundant supplies.

HIGHLIGHTS

  • EU cereal harvest just below average but ample global supply
  • Significant increase of EU sugar beet-planted area in this first year without quotas
  • Strong global and EU demand for dairy products and stable milk prices
  • High exports of beef and sheep, while lower pig and poultry supply causes a dip in exports and higher prices
  • Rise of the EUR against the USD to affect EU competitiveness on the world market

Via ec.europa.eu

Címlapkép: Getty Images
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