Browse Data and Analysis

On August 2-4, 2023, the World Apple and Pear Association (WAPA) presented the 2023 EU apple and pear crop forecast at the 48th edition of the Prognosfruit convention.

Post lowered MY2023/24 rice production estimate to 19.6 MMT due to water supply concerns.

In MY 2023/24, EU production of peaches and nectarines is estimated to amount to 3.6 million MT while cherry production is anticipated to amount to 657,435 MT.

Export prices further decreased 3-4 percent as downward price pressure from new supplies of MY2022/23 off-season rice offset the strengthening of the Thai baht.

In 2022, EU wood pellet consumption hit a new record of 24.8 million metric tons (MMT) mainly due to increased residential use.

Export prices decreased 1-2 percent due to the Thai baht hitting the lowest point in a month.

With the gradual lifting of the lockdowns, and recovering economies, consumption of bioethanol and biobased diesel (BBD) are estimated to have increased by respectively 6.1 percent and 0.6 percent in 2022.

On July 5, 2023, the European Commission (EC) adopted a new proposal to regulate plants obtained by certain new genomic techniques (NGTs) and their use for food and feed.

Export prices further increased 3-6 percent due to the panic buying reaction from the India’s rice export ban.

U.S. exporters of vanilla extract are advised not to ship product to the European Union until further notice.

Export prices increased 4-10 percent due to the strengthening of the Thai baht and the panic buying reaction from the India’s rice export ban.

Weather conditions ranging from excessive heat to cooler than average temperatures, and from drought to excessive moisture, have curbed MY 2023/24 EU winter grain production expectations.