High Performance of EU Agri-food Exports Continues

 Breaking News
  • UK Water Drinks Approach 4,000 Million Litres UK consumption of water drinks rose 7% in 2017 to nearly 4,000 million litres, with a retail value of £3.1 billion, according to a new report from global food and drink experts Zenith. Sales of plain bottled water in retail packs increased by 8% to over 3,100 million litres, while volume through bottled water coolers [...]...
  • Nestlé Brings Innovative Nitrogen Infused Coffee to the UK Nestlé is launching a brand new product for coffee fans in the UK and Ireland. Nescafé Azera Nitro is a coffee drink infused with nitrogen for a smoother taste. It will be available in Americano or Latte flavours. Nescafé Azera Nitro Americano is a refreshing and smooth black coffee infused with nitrogen. Nescafé Azera Nitro [...]...
  • ADM Realigns Business Segments to Further Accelerate Growth Archer Daniels Midland Company (ADM) has announced the realignment of its business segments across four units – Carbohydrate Solutions, Nutrition, Oilseeds and Origination. The new segments better reflect ADM’s operating structure and will enable the company to further highlight the differentiation of its product and service offerings and enhance its ability to respond to the [...]...
  • Highland Spring Selects Mainsaver CMMS Spidex has announced that Highland Spring, a leading supplier of natural source bottled spring water, has selected Mainsaver CMMS to support best-practice maintenance at its plant in Blackford, Perthshire. The new facility, part of a £50 million investment programme, officially opened in July 2017 and was designed to increase Highland Spring’s production capacity by 50 [...]...
  • Ornua Delivers Record Revenue Ornua, Ireland’s largest exporter of Irish dairy products which supplies to over 110 countries worldwide, has reported record revenue of €2.1 billion for the year ended 30 December 2017. It marks the first year of Ornua’s new five-year growth plan, ‘Ornua 2021’, which positions the business as a leading global dairy organisation that delivers results [...]...

High Performance of EU Agri-food Exports Continues

High Performance of EU Agri-food Exports Continues
October 24
12:42 2017

The European Commission’s latest monthly trade report shows that European agri-food exports remain strong for August 2017 further increasing the trade balance to €2.4 billion. The European agri-food exports rose to €11.5 billion in August 2017, an 8% increase compared to July 2017.

Highest increases of monthly exports were again towards Russia and the USA, with respectively an added €153 million and €108 million compared to 2016. By sector, exports of wine and vermouth and milk powders have increased the most with respectively an extra €130 million and an added €123 million compared to last year. EU agri-food imports have also increased by 4% compared to the same time last year, resulting in a surplus of €2.4 billion in the agri-food trade balance.

This month’s report focuses on agri-food trade with Russia. After an initial drop, both in banned products and non-banned products, EU exports of non-banned products to Russia resumed growth and reached € 6 299 million in the period September 2016 to August 2017, which represents an increase in value by 14% compared to the previous period. This brings back Russia now to be the 4th biggest export destination for EU agri-food products, just before Japan.

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • March 28, 2018FOOD INDUSTRY
  • April 4, 2018The leading event for the snack and food-on-the-go market
  • April 5, 2018Slow food The forum for good taste
  • April 10, 2018EXPO XXI Warsaw International Expocentre
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here