Agriculture remains impacted by several events outside of farmers’ control, such as climate and geopolitical crises, which continue to exert pressure on farmers. These have implications on productivity, trade, consumer demand, prices and ultimately on farmers’ income. Since the last short-term outlook (autumn 2023) and despite some favourable but limited developments in input costs, their […]
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Commission adopts limited prolongation of State aid crisis tools to further support agriculture and fisheries sectors
The European Commission has adopted an amendment to the State aid Temporary Crisis and Transition Framework (TCTF) to prolong by six months certain provisions of the Framework aimed to address persisting market disturbances specifically in the agriculture and fisheries sectors. On 11 April 2024, the Commission consulted Member States on the persistence of a serious disturbance of the economy affecting […]
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EU-New Zealand trade agreement enters into force, opening up new opportunities for EU exporters
EU businesses, producers and farmers are now able to take advantage of a host of new export opportunities with the entry into force of the EU-New Zealand trade agreement today. The deal is expected to cut €140 million a year in duties for EU companies. Thanks to this deal, EU-New Zealand trade is expected to […]
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Exports and imports of agri-food products increased in January 2024
In January 2024, exports reached €18.4 billion that month, partly due to increased prices of olives, olive oil, and cereal preparations. Imports were worth €13.4 billion. As a result, the EU agri-food trade surplus reached €5 billion, a 27% increase from January 2023. These are the main findings of the latest monthly agri-food trade report […]
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EU aquaculture 2022: 1.08 million tonnes farmed
In 2022, an estimated 1.08 million tonnes of aquatic organisms were farmed in the EU, valued at €4.9 billion. Aquaculture involves the controlled cultivation of fish, molluscs, algae and crustaceans. In 2022, 4 EU countries collectively accounted for about two-thirds (67%) of the total production of farmed aquatic organisms: Spain (25%), France (17%), Greece (13%) […]
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Parliament approves a revision of the EU’s common agricultural policy
MEPs gave a green light to the common agriculture policy (CAP) review to ease the administrative burden for EU farmers. On Wednesday, Parliament approved a review of the CAP Strategic Plans Regulation and the CAP Horizontal Regulation with 425 votes in favour, 130 against, and 33 abstentions. MEPs adopted the draft law with technical modifications proposed by the Council and endorsed […]
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EU requests consultations under the Trade and Cooperation Agreement on UK permanent closure of sandeel fisheries
The European Union requested consultations with the United Kingdom under the dispute settlement mechanism of the EU-UK Trade and Cooperation Agreement (TCA) regarding the United Kingdom’s decision to prohibit the fishing of sandeel, with the aim of reaching a mutually agreeable solution. Effective since 26 March 2024, the closure of the sandeel fishery covers English […]
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EU agri-food trade achieved a record surplus in 2023
EU agri-food trade balance reached its record level in 2023, according to the latest report published by the European Commission. After a good performance of the EU agri-food trade in 2022, the most recent report released by the European Commission indicates that the EU agri-food trade balance reached its record level in 2023. EU exports reached […]
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European Commission launches call for proposals for EU Agri-Food Chain Observatory
The European Commission has launched a call for applications to set up the EU Agri-Food Chain Observatory (“AFCO”). The creation of this Observatory, which will examine production costs, margins and commercial practices, was announced in mid-March as one of the measures to strengthen the position of farmers in the food supply chain and to reinforce […]
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