EU meat production returns to growth
According to the EU Commission’s latest Short Term Outlook report, EU meat production is set to return to growth this year following two years of contraction. Further growth is expected next year, with pork output rising for the first time in four years.
According to the EU Commission’s latest Short Term Outlook report, EU meat production is set to return to growth this year following two years of contraction. However, pig meat output is expected to decline again, following lower production in the first half of the year. Further growth in meat production is expected next year, with pork output rising for the first time in four years. More detail on the outlook for pig meat production will be available later in the week, following tomorrow’s meeting of the EU Commission’s forecasting working group. Expansion of the dairy herd in anticipation of the abolition of diary quotas is the main factor behind rising beef production. The rise of poultry meat is also forecast to continue, with it making up 30% of EU meat consumption for the first time this year. The Russian ban on imports from the EU is set to mean that less meat will be exported from the EU this year, with volumes stabilising next year.
The report also covers arable crops. It puts this year’s production at record levels; output of both cereals and oilseeds is forecast to be up 5% on last year’s harvest. A higher planted area for wheat and much better yields for maize mean production is well up and stocks are likely to grow, increasing the resilience of the sector if conditions are worse in forthcoming seasons. These increases were partly offset by lower production of barley, rye and oats. Oilseed production is forecast to be 5% higher on the back of higher yields for rapeseed, in particular.
To read the full report, click here.