Agricultural output in the EU declined by 1.5% in 2023, with Greece experiencing the steepest drop at 16%. The sector’s contraction was driven by a 2.3% fall in the volume of output, despite a slight increase in prices. While some countries, like Hungary and Slovakia, saw growth, the overall agricultural value in the EU fell, with crops suffering a 6% decrease and animal products rising by 2%.
Tag: agricultural output
While most EU countries saw agricultural prices drop in Q2 2024, Greece experienced an 8% increase, driven by supply shortages and rising costs in key products like olive oil. This contrasts with the EU-wide trend of declining input costs and highlights growing economic pressure on Greek farmers and consumers.