Showing posts with label EU overtakes. Show all posts
Showing posts with label EU overtakes. Show all posts

Monday, June 23, 2014

EU overtakes US as main food exporter



The EU beat out the United States to become the world's top exporter of agricultural and food products last year, AFP cites a European Commission report on the global farming market as saying Monday.

Fuelled by record sales to China and other emerging markets, in 2013 the 28 countries of the European Union sold 120 billion euros ($163 billion) in agri-food products, up 5.8 percent and with cereals alone accounting for over two thirds of the jump.
A market of 500 million people, the EU remained the world's biggest importer of farming and food products, though the level was mostly unchanged from 2012 at 101.5 billion euros.
A quarter of Chinese imports came from the United States, but the EU saw its share rise to 9.1 percent in 2013, mainly on sales of malt extract for beer brewing, and pork.

ST

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