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With approximately 1.7 million metric tons (MMT), Italy provides approximately 19 percent of the EU- 28 apple production.
Italy is the second largest olive oil producer in the European Union (EU) after Spain and accounts for approximately one-quarter of the EU-28 olive acreage.
Italy is suffering from a severe summer drought caused by low rainfall (80 percent below average in the first half of 2017) and exceptionally high temperatures for most of the year.
Italy’s MY (marketing year) 2016/17 orange and tangerine productions are expected to drop severely by 38 and 25 percent respectively compared to MY 2015/16 due to lack of summer rains....
According to the latest data from the Italian Enologists Association (Assoenologi), Italy produced 5.1 billion liters of wine in 2016, 1.5 percent more than the previous campaign....
Export prices of white and parboiled rice further declined by 1 to 2 percent while prices for fragrant rice continued to increase.
This report is intended to supplement the FAS U.S. Mission to the EU’s Food & Agricultural Import Regulations and Standards (FAIRS) report with Italy-specific information.
Export prices declined significantly by 5 to 10 percent as foreign buyers are waiting for new supplies of MY2017/18 off-season rice which will enter the market in the next couple of weeks.
Export prices of most grades of rice further declined 2 percent, except for fragrant rice prices which continued to increase due to tighter domestic supplies.
Despite the further strengthening Thai baht, export prices of white rice declined 1 percent due to no new inquiries.