EUROSTAT EU AGRICULTURAL INCOME STATISTICS – CEREAL OLIVE OIL MEAT
March 1st, 2006
BY KEITH NUTHALL
CEREAL production and prices in the European Union (EU) both slumped in 2005, compared with 2004, according to the latest food market figures from EU statistical agency Eurostat. Faced with a bumper harvest in 2004, producers struggled to secure good prices, even by cutting back on production, a process aided by poor weather. Overall EU cereal output, including rice, maize, rye, barley, oats and wheat, fell by 10.7% in 2005, with prices also falling by 8.8%. There were particularly catastrophic production falls in Spain (42%) and Portugal (39%) ...
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