date:Mar 07, 2014
arkets, in particular for milk powders and cheese.
Forecasts by Sector
Good 2013 cereal harvest allows for partial stock recovery and record exports
The good 2013 cereal harvest (+8.3 per cent with respect to 2012) should allow for a recovery in stocks by the end of the 2013/14 marketing year; yet stocks are expected to remain below average as EU exports could reach a record level, exceeding 37 million tonnes.
Early estimates for 2014 sowings indicate a slight increase in cereal area (+0.8 p