Short-term outlook for EU agricultural markets – autumn 2023

Dear Madam, dear Sir,

The Directorate-General of Agriculture and Rural Development has published the autumn 2023 edition of the short-term EU agricultural outlook.

This edition of the report presents the latest changes in overall market fundamentals and their impacts on main EU agricultural markets. It also includes updated balance sheets for all of them.

Presented prospects take into account the latest available information on the weather developments until mid-September, availability and affordability of inputs (e.g. energy, fertilisers, feed), producer prices, consumer price developments, such as food inflation. There have been signs of positive market prospects, as input costs continued declining (e.g. energy, fertilisers and feed) and the food inflation has continued being stable although at a high level. Impacts of adverse weather conditions and uncertainty of developments in Ukraine could, however, still present upside risks for agricultural production as well as commodity and agricultural prices.

Sector specific highlights

In more details, the short-term prospects for arable crops (including sugar), specialised crops (olive oil, wine, apples and oranges), milk and dairy, and meat sectors as outlined in the report can be found here:

Arable crops
Specialised crops
Milk and dairy
Meat

All EU balance sheets are available in the Agri-food data portal only, in the form of both tables and graphs.