USDA: EU peach and nectarine production will grow by 12% this 2023-2024 season

Published 2023년 9월 6일

Tridge summary

The production of peaches and nectarines in the European Union is projected to increase by 12% in 2023-2024, primarily due to improved production levels in Spain offsetting poor results in Italy. However, high inflation rates resulting from the conflict in Ukraine have put pressure on fresh stone consumption in the EU. Stone fruit producers in the EU are concerned about the increasing plant health, environmental, and packaging requirements, which are driving up production costs and impacting the industry's economy.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The US Department of Agriculture (USDA) indicated in a new report that the production of peaches and nectarines in the European Union will reach 3.6 million tons in 2023-2024, growing 12% compared to the previous year. This increase would be due to the improvement in production levels in Spain, which would offset the poor results recorded in Italy. Meanwhile, fresh stone consumption in the EU has been pressured by the high inflation rate derived from the conflict in Ukraine. In the 2022-2023 season (which takes place between January and December), the area planted with peaches and nectarines in the EU stood at around 197,000 hectares, according to Eurostat data. In this regard, the USDA report highlights that in recent years, Spain and Italy have decreased their planted area due to a higher production of peaches that put pressure on the drop in market prices and caused precarious economic conditions for farmers. According to FAS Post projections, the situation seems to have ...

Source: Portaldelcampo