Market outlooks are provided for the EU-27. These issues form the basis for the spring 2023 edition of the short-term outlook report. Global agriculture faced the third consecutive climatic cycle of ‘La Niña’ in 2022, and large parts of the EU experienced winter droughts, further worsening water availability in regions with already record low water reservoirs. However, the spring 2023 short-term market outlook is still driven by the negative impacts of Russia's invasion of Ukraine, notably on energy, fertiliser and feed prices, and by the ensuing high input costs and food inflation, that continue to weigh on agricultural markets and EU consumers’ purchasing decisions. High commodity prices last year helped countering high input costs and the first estimates indicate an increase of the EU average farm income, with significant sectorial and regional disparities. Since the autumn 2022 edition, energy and fertiliser prices have started to go down.
0 kommentar(er)
