After hovering meals costs in 2021 and 2022, greater than 5 important meals merchandise noticed value declines in 2024, together with milk and cereals.
In 2024, agricultural costs within the European Union recorded a modest decline, falling by 2% in comparison with 2023.
This value drop adopted sharp will increase in 2021 and 2022 that occurred because of the COVID-19 pandemic, excessive climate, and Russia’s invasion of Ukraine.
Despite the surge in olive oil costs in 2024, costs of cereals fell by 15%, eggs by 8% and greens and horticultural merchandise by 2%.
Pig and poultry costs additionally fell by 7% and eight%, respectively.
According to Eurostat information, milk costs fell in 16 EU nations in 2024.
The steepest drop was recorded in Finland with a 12% drop in costs, adopted by Portugal with 10% and Spain with 8%.
In distinction, the sharpest improve occurred in Ireland with a value improve of 15%, adopted by Lithuania with 11% and Latvia with 10%.
In phrases of manufacturing, the price of seeds and veterinary providers elevated by 3%.
However, costs of fertilizers and soil improvers fell by 18%, animal feed by 11% and plant safety merchandise and pesticides by 2%.
Commission measures between farmers and consumers
After a yr during which farmers have usually protested, the European Commission has unveiled an initiative to make sure they obtain truthful compensation and are not compelled to promote merchandise beneath manufacturing prices.
The proposed measures embody obligatory written contracts that require consumers to obviously define key phrases comparable to value, amount and supply occasions, making an allowance for market circumstances and price fluctuations.
The bundle additionally introduces a regulation to strengthen enforcement of the Unfair Commercial Practices (UTP) Directive, which was adopted 5 years in the past however stays largely unimplemented.
Video editor • Mert Can Yilmaz
