Following a global increase in maize prices, the automatic mechanism calculating import duties for the three cereals was triggered.
The EU feed protein balance sheet for 2019/20 covers EU production, EU demand and EU self-sufficiency for different types of feed.
The European Commission updated for the second time import duties for maize, sorghum and rye.
With a global amply supply and low prices for maize, the import duty for maize, sorghum and rye was updated as of today.
The new EU cereals farm report provides an overview of the production costs, profitability and incomes of this sector based on data from 2017.
EU demand for cereals and oilseeds remains driven mainly by feed use, although industrial uses will grow more rapidly.
The new 2018/19 feed protein balance sheet shows that the 2018 drought significantly impacted EU feed supply.
Total agricultural land in the EU will decrease over the 2018-2030 period. Thanks to an increase in yields, arable crops production will still grow.
EU report notes that land used for agricultural purposes in the EU has continued to decline over the past few years, and this trend will continue to 2030.
EU report predicts the European agricultural workforce will shrink by 3.2% on average per year, reaching 6.6 million by 2030.