15-01-2014 02:49 AM | France

EU sees rising food output by 2023 on export and biofuel demand

European Union production of foodstuffs from cheese to poultry to wheat is predicted to climb by 2023 on demand for exports and the manufacturing of biofuels from grains, the 28-nation bloc said.

Annual grain output is seen climbing to 316.1 million metric tons in 2023 from 304.3 million tons in 2013, while total meat output is seen rising to 45.5 million tons from 43.7 million tons last year, the EU wrote in an online report.

The EU’s grain, meat and dairy industries are all expected to benefit from global demand, according to the report. The EU produces 20 percent of the world’s wheat and pork and accounts for 30 percent of global cheese exports, based on data from the United Nations’ Food & Agriculture Organization.
Full Story : Bloomberg