The Agricultural Output of the EU Falling

The Agricultural Output of the EU Falling

The Agricultural Output of the EU Falling

The agriculture output in the 28-member European Union (EU) declined in Y 2015 due to notable fall in animal production, Eurostat, the bloc’s statistical office said Monday.

The economic accounts for agriculture show that total agricultural output in the EU stood at EUR 411.2-B (US$435.9) at basic prices in Y 2015, down by 1.8% compared with Y 2014.

According to Eurostat, the decrease in EU agricultural output can be mainly attributed to a marked fall (by 5.5%) in the value of animal production, whose 8.5% decrease in prices was only partially offset by a 3.3% increase in volumes.

This overall decrease in the value of animal production is due to steep falls by 14.4% for milk and by 6.5% for swine.

However, the value of crop output remained nearly stable in the EU in Y 2015 with prices up by 3.9% and volume down by 2.9%.

With EUR 75.2-B, or 18% of the EU total in Y 2015, France had the highest total agricultural output across the member states of the EU. It was followed by Italy, Germany, Spain, Britain, the Netherlands, Poland and Romania.

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