Tridge summary
The European Union is projected to see a 15% increase in butter exports in 2020, reaching 336 thousand tonnes, according to the European Commission. This is due to higher production, increased stocks, and strong demand from outside the EU-27. In the first half of 2020, butter exports rose by 59% compared to the same period in 2019, with the UK, USA, Saudi Arabia, China, and Morocco being the main importers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
At the same time, the EU, right after New Zealand, is one of the leading exporters of this fat. The increased stocks of butter in the European Union recorded in 2020, an increase in production and strong foreign demand affect the level of EU shipment of this fat. According to the EC data, in the first half of 2020, 117 thousand goods were exported outside the customs territory of the EU-27. tonnes of butter, i.e. 59% more than in the corresponding period of 2019. The most important importers of butter from the EU-27 were: Great Britain - 25 thousand. tons, USA - 22 thousand. tons, Saudi Arabia - 11 thousand. tonnes and China and Morocco - 7 thousand. tone. The European Commission estimates that ...
Source: Gospodarz
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