EU agri-food industry surplus reached +EUR 5.7 billion in August 2023, that is an 8% aid month-on-month. It stays at a equivalent degree than in August 2022. The cumulative industry stability (January to August 2023) reached EUR 44.3 billion. It’s EUR 7.5 billion upper in comparison to the similar length in 2022.
EU agri-food exports remained strong at EUR 18.2 billion in August 2023, and 10% underneath their degree a yr prior (August 2022). Cereals represented the most important aid in export worth in comparison to 2022 (-EUR 1.7 billion, -14%). That is most commonly defined by means of a discount in costs, particularly for wheat (unit worth diminished by means of 21%), whilst volumes remained strong. Export values additionally diminished for pigmeat (-EUR 701 million, -8%), as volumes exported declined by means of 18%.
EU agri-food imports higher by means of 5% in August, to achieve EUR 12.5 billion. This stays 15% underneath their degree of August 2022. Cumulative imports from January to August 2023 reached EUR 107.4 billion. It stays strong in comparison to the similar length in 2022 (-EUR 3 billion, -3%) Cereals imports constitute the most important build up between January and August 2023 in comparison to 2022, with an build up of EUR 1.2 billion, most commonly in wheat. That is defined by means of an build up of import volumes of 28% in comparison to 2022. On the other hand, per month import volumes had been slowing down and had been underneath their 2022 degree in August. Import values diminished for oilseeds and protein plants in comparison to 2022 (-EUR 2 billion, -12%), in addition to for vegetable oils (-1.9 billion, -27%). Those discounts are most commonly defined by means of decreased import costs.
November 24, 2023/ Ecu Fee/ Ecu Union.
https://agriculture.ec.europa.ecu