2023/24 EU cereal production could reach 288.4 million tonnes (+8.6% year-on-year)

EU wheat exports continues to increase (+9.4%) to respond to global demand.

Imports from Ukraine help EU regions impacted by drought to satisfy domestic cereal demand.
#AgriOutlook

🐦🔗: https://n.respublicae.eu/EUAgri/status/1641451798992162818

Drought and climate events impacted EU #OliveOil production, which in 2022/2023 decreased by almost 40% year-on-year, leading to higher prices.

As a result, both EU consumption and exports are expected to drop, after last year's record exports. #AgriOutlook

🐦🔗: https://n.respublicae.eu/EUAgri/status/1641453013473837063

The weather impacted negatively EU orange production, causing a 32% reduction in processed #oranges.

Apple production is above average, almost half of it is expected to be processed, due to higher costs for storage and transportation of fresh #apples. #AgriOutlook

🐦🔗: https://n.respublicae.eu/EUAgri/status/1641457979869499393

EU #milk production remained stable in 2022.
In 2023, a declining EU raw milk price is likely to cause EU dairy herd to shrink by 1%, and milk production by 0.2%.

EU exports of #cheese could grow by 2%, driven by demand recovery in China and stable UK and US demand. #AgriOutlook

🐦🔗: https://n.respublicae.eu/EUAgri/status/1641458492174393345

EU #beef production decreased by 2.4% in 2022, and is expected to decrease by a further 1.6% in 2023.

Per capita beef consumption is expected to keep declining, staying slightly below 10 kg in 2023 (-1.7%), due to beef being more expensive than other types of meat. #AgriOutlook

🐦🔗: https://n.respublicae.eu/EUAgri/status/1641459418788425729

EU #pigmeat production decreased on average by 5.6%. Due to the limited supply, EU domestic use decreased by 2.8% in 2022, averaging at 31.8 kg per capita. This would further go down in 2023 by 5.5%.

EU #poultry consumption could go up by 2.5% in 2023. #AgriOutlook

🐦🔗: https://n.respublicae.eu/EUAgri/status/1641459683360915457