Blog: EU outlook mixed for dairy, meat sectors
Katy Askew | 22 January 2013
The EU is expected to lose some ground in its meat exports over the next ten years, while dairy exports are expected to rise by as much as one-third.
According to the European Commission's outlook to 2022, aggregate meat imports into the EU are forecast to grow by 5.2% over the next ten years, while exports are likely to decline by 6.8%. This will leave the EU a net exporter of pig and poultry meats, but Europe will become a net importer of all other meats.
In the near term, it seems that the European meat sector could be in for a bit of a tough time also. Over the next two years, the Commission predicted the EU meat market will contract by 2% due to the ongoing economic downturn. Adding to these troubles, the EU pork industry is faced with a further challenge in the form of the EU Sow Stall Ban that came into effect in January.
The outlook for dairy, on the other hand, seems more positive. Milk and dairy products are expected to receive a boost from continued growth in world demand, fuelled by changing taste preferences and a growing global population. According to the Commission, this export demand will sustain commodity prices in the face of an end to the EU milk quota, which expired in 2015.
The report predicts an increase in EU cheese exports of more than one third by 2022, based on sustained demand from main destinations of EU cheese (Russia, Middle East countries, the US). Skimmed milk powder exports are expected to increase by 30% by 2022, as a result of sustained demand from China, Algeria and Middle East countries.
The outlook, then, appears mixed for the EU dairy and meat industries.
UK health leaders have called for an "emergency task force" to tackle the childhood obesity crisis in the country as, for the first time, they are faced with a generation of patients "who may predecea...
Tyson Foods has completed its US$8.55bn acquisition of Hillshire Brands, with shares in the Jimmy Dean sausage maker delisted before the market opened today (29 August) - and its CEO leaving the busin...
New Zealand dairy group Synlait Milk revealed today (28 August) it has hit the "major milestone" of receiving regulatory clearance to begin exporting finished product from its new NZ$28.5m dry blendin...
ConAgra Foods has responded to investor criticism of its palm oil usage by committing to source 100% sustainable palm oil by December 2015....
- BRICs and beyond: Fonterra, Beingmate partnership
- On the money: Mengniu hones in on "star" brands
- just-food interview: Agropur CEO Robert Coallier
- Consuming issues: The hunger-obesity paradox
- Comment: Competition to rise on whey investments
- Valio lactose-free trucks stopped at Russia border
- UK firm Pasta Reale enters administration
- H1 profits down at dairy group FrieslandCampina
- Mondelez eyes snacks categories in India
- Fonterra, Beingmate launch infant formula JV