Per the January 2022 update, the ongoing 2021/22 crop for EU27 has been estimated at 11,777 tonnes; this is 6,7% higher than the preceding 5 year average and 11 % above the 'small' crop of the past marketing year (data from WAPA for 20 MSs, from Eurostat for the remaining 7 MSs).
After two years of below average crop volumes and relatively high prices, the new marketing year could have prices coming to normal levels; in the case of Poland, the MS with the largest volume, prices moved already to close to average or even below levels.
Export logistics is being a huge challenge in many parts of the world but the EU is relatively less affected by that situation.
The first year of the pandemics registered firm demand and the second year a coming back to normal levels. However, the sector faces temporarily several challenges:
- Rising input costs (especially energy, transportation fees and other farm inputs)
- Bottlenecks and high costs on road a vessel transport (high maritime freight rates)
- Labor shortage (especially for harvesting and lorry drivers)
Click here to view the data sheet.
Source: ec.europa.eu