Short-term outlook for EU agricultural markets in 2022 – Summer 2022

Summary:

The fallout from Russia's invasion of Ukraine continues to impact global commodity markets and pose a major threat to food security. Global agricultural prices have risen by 30% since the invasion began, although some relaxation has been observed in recent weeks. Weather conditions in the European Union (EU) are creating further challenges for the new harvest, with a fall in earlier forecasts now foreseen.

Additionally, outbreaks of animal diseases and high feed prices are also having a negative impact on EU animal production. These issues form the basis for the summer 2022 edition of the short-term outlook report. Market outlooks are provided for the EU-27.

• Primary Source

• Alternative Source

Official

European Commission: Farming: Short-term outlook https://ec.europa.eu/info/food-farming-fisheries/farming/facts-and-figures/markets/outlook/short-term_en

European Commission: DG Agriculture and Rural Development: News, 07/07/2022: European Commission publishes its latest short-term outlook for EU agricultural markets amidst global food security concerns https://agriculture.ec.europa.eu/news/european-commission-publishes-its-latest-short-term-outlook-eu-agricultural-markets-amidst-global-2022-07-07_en

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