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Friday, 04 February 2011

Update on recent agricultural commodity and food price developments in the EU

EU prices for agricultural commodities increased further in November 2010 compared to one month before (with the exception of SMP and butter whose prices exhibited a negative trend and those of durum wheat, maize and pork whose prices remained unchanged). Most EU agricultural prices have been growing for many months but in November 2010 they were still well below the peak reached in 2007/2008. While, the prices for soft wheat, barley, cheese (Edam), beef and poultry increased by 2%, 4%, 1%, 4% and 2% respectively, the quotations for SMP and butter fell by 3% and 1%, in November 2010 as compared to one month before.

Source: European Commission, DG Agriculture