FDBusiness.com

Trade Balance Remains Positive For EU agri-food Products

 Breaking News
  • C&C Group Increases Revenue by 187.3% to over €1.5 Billion C&C Group, the UK and Ireland drinks production and distribution business, increased net revenue by 187.3% to €1.575 billion in 12 months ended 28 February 2019, reflecting the acquisition of Matthew Clark and Bibendum from the administrators of Conviviality Group in April 2018. Excluding Matthew Clark and Bibendum, and on a constant currency basis, net [...]...
  • 2 Sisters Accelerates Business Transformation 2 Sisters Food Group has announced a series of actions as part of its accelerating transformational strategy to turnaround the business. The company is making further investments in its UK Poultry and Fox’s Biscuits businesses, and is proposing to reduce the number of its UK Poultry sites in order to produce shorter, more efficient supply [...]...
  • Morrisons to Introduce Plastic-free Fruit and Veg Areas to Help Customers Buy Bagless Morrisons is to become the first British supermarket to roll-out plastic free fruit and veg areas in many of its stores. Customers will be able to choose from up to 127 varieties of fruit and veg – and buy them loose or put them in recyclable paper bags. The move follows a ten-month trial in three [...]...
  • Continued Growth by Marston’s Marston’s, a leading British pub operator and independent brewer, has reported a 4.7% rise in underlying revenue to £553.1 million for the 26 weeks ended 30 March 2019, reflecting strong growth in its brewing business, the contribution from new openings and pub acquisitions and positive like-for-like sales in its pub businesses. Underlying operating profit at [...]...
  • UK Ethical Food and Drinks Sales Hit £8.2 Billion British consumers are increasingly eating with a conscience as latest research from Mintel reveals that last year the nation spent £8.2 billion on ethical food and drink, including organic, Fairtrade, Rainforest Alliance and Marine Stewardship Council (MSC) certified products. Over the past five years, sales of ethical food and drink have shot up by 43% [...]...

Trade Balance Remains Positive For EU agri-food Products

Trade Balance Remains Positive For EU agri-food Products
March 25
09:00 2016

EU agri-food exports rose slightly in January 2016 relative to January 2015 to €9.3 billion, according to the latest monthly statistical report. The figures show that the EU was a net exporter in January – which is not always the case – taking the net agri-food trade surplus for February 2015 to January 2016 to around €16 billion.

Highest increases in monthly export values were recorded for USA, China and some North African and Middle East countries, including Iran. The highest increases in monthly export values were achieved for pork and vegetables. On the other hand, agri-food imports to the EU decreased slightly in January 2016 to €9.2 billion from €9.3 billion in January 2015.

This month’s report takes a closer look at the olive oil sector and the significant rise in the value of EU exports in recent years. The EU’s trade balance for olive oil is largely positive with exports in 2015 worth almost €2.3 billion – an increase of 6.6% on 2014 despite a 42% drop in the 2014/15 harvest. It is the sixth successive year that the EU olive oil sector has seen a marked increase in the value of exports. The main client for EU exports is the USA, followed by Japan, Brazil and China. Global demand for olive oil is continuously growing. EU olive oil prices were also exceptionally high in 2015.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
  • June 25, 2019BevExpo 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements