THE ITALIAN DAIRY INDUSTRY

Size: px
Start display at page:

Download "THE ITALIAN DAIRY INDUSTRY"

Transcription

1 THE ITALIAN DAIRY INDUSTRY Parma, October 17th 2011 Dr. Pietro Modiano Chairman Dr. Andrea Zaghi Project Manager

2 Summary 1.Introduction 2.The farm stage 3.The manufacturing stage 4.The market 5.Conclusions 2

3 The world economy, IMF September Report: forecasts and (mostly downward) revisions World (-0.3) 4.0 (-0.5) US (-1.0) 1.8 (-0.9) UK (-0.4) 1.6 (-0.7) Euro area (-0,4) 1,1 (-0,6) Germany (-0.5) 1.4 (-0,7) France (-0.4) 1,4 (-0.6) Italy (-0,4) 0.3 (-1,0) Japan (0.2) 2.3 (-0.6) China (-0.1) 9.0 (-0.5) 3

4 Italian firms have done well in international markets, better than other Eurozone countries 16,0 Exports of goods January-July 2011 (y-o-y % change) 14,0 12,0 10,0 8,0 6,0 4,0 2,0 0,0 Italy Germany France 4

5 Italian private consumption: weak and still below pre-crisis peak Households' consumption, in volume terms 2005q1=1 1,12 1,1 1,08 Germany Spain France Italy 1,06 1,04 1,02 1 0,98 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q

6 ...while the saving rate fell to historicallly low level, well below Germany and France 0,18 Households' saving rate (as % of disposable income) 0,17 0,16 0,15 0,14 0,13 Germany France Italy 0,12 0,11 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 6

7 What s behind the saving rate fall? Households purchasing power shrinks in 2008q2-2010q1, stagnates thereafter; consumption improves since 2010q2, but weakening in the pipeline 1,03 Italian houseolds' purchasing power and consumption (2005=1) 1,02 1,01 1 0,99 0,98 0,97 Purchasing power Consumption 0,96 0,95 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q

8 Weakeness of food consumption expenditures 1,06 Households' consumption in food and non-food goods 1,04 1,02 1 Non food 0,98 Food, alcohol, tobacco Total 0,96 0,94 8

9 Summary 1.Introduction 2.The farm stage 3.The manufacturing stage 4.The market 5.Conclusions 9

10 Billions Milk agricultural value 6,0 5,0 4,0 3,0 2,0 1,0 0, Cow's and buffalo's milk Sheep's and goat's milk (,000 ) 2010 Cow s and buffalo s milk 4,039,768 Sheep s and goat s milk 500,646 Total milk 4,540,413 10% OF ITALIAN AGRICULTURAL PRODUCTION VALUE Source: Istat 10

11 Dairy farms (2010) Farms Heads (,000) Heads/farm COWS 40,199 1, BUFFALOES* 2, SHEEP* 51,032 5, GOATS* 22, * Only adult female animals. (2009) Milk production (,000 t) COWS 11,364 BUFFALOES 195 SHEEP 600 GOATS 34 TOTAL MILK PRODUCED AT FARM STAGE: 12,193,000 t Source: Istat, Eurostat, Agea, Assolatte, Oss. latte. 11

12 Geographical distribution of heads SHEEP COWS < 100,000 heads 100, > 500,000 heads 500, > 1,000,000 heads > 1,000,000 heads < 50,000 heads 50, > 100,000 heads 100, > 200,000 heads > 200,000 heads BUFFALOES < 5,000 heads 5, > 10,000 heads 10, > 50,000 heads > 50,000 heads Dairy cows breeding is developed in Northern Italy (Lombardy, Emilia- Romagna, Veneto and Piedmont above all), while buffaloes, sheep s and goats breeders are more present in Southern Italy (Campania above all for the first one and Sardinia for the other two). GOATS < 10,000 heads 10, > 50,000 heads 50, > 100,000 heads > 100,000 heads Source: Istat 12

13 Cow s milk farms: a significant restructuring ,0 250,0 200,0 150, Farm net income ( ) ,0 50,0 0, Farms (left side) Average marketed milk per farm (t) (right side) Specialist milk Total Over the last decade, the number of specialized farms producing cow s milk has experienced a significant restructuring from around 75,000 units in 2000 to 40,000 in 2010 while the average production per farm has increased from 140 t/farm to 270 t/farm. At the same time, the farm net income of agricultural output per business entity is almost three times that reported for agriculture as a whole (respectively, 74,000 and 28,000 per farm) Source: Agea. 13

14 1999/ /01 Cow s milk: marketed production and national quota 2001/ / / / / / / / / Marketed milk (,000 t) National milk quotas* (,000 t) * Deliveries to dairies + direct farm sells. For the first time, Italian farmers did not exceed their national milk quota. Provisional data confirm the same for milk campaign 2010/11. Eu quotas regime is going to end in 2015; after 2015, Eu farmers will have no productive restrictions. The most efficient breeders will be able to benefit from this new situation. Source: Agea. 14

15 gen-05 apr-05 lug-05 ott-05 gen-06 apr-06 lug-06 ott-06 gen-07 apr-07 lug-07 ott-07 gen-08 apr-08 lug-08 ott-08 gen-09 apr-09 lug-09 ott-09 gen-10 apr-10 lug-10 ott-10 gen-11 apr-11 Cow s milk prices and volatility 46,00 Italian average producer milk price( /hl) 44,00 42,00 40,00 38,00 36,00 34,00 32,00 In the last five years, the dairy sector has experienced (both at national and international level) a period of considerable turbulence that has resulted in extreme price volatility. The farmers affected by these conditions have experienced substantial difficulties. If this volatility becomes the standard, it is likely that the businesses and individuals in this industry will further seek to improve efficiency, which may result in a market exit acceleration of those who are less efficiently organized. Source: Ismea. 15

16 45,00 40,00 35,00 30,00 25,00 20,00 Average farms size and milk prices comparison (2008) Dairy Milk yield cows/farm* (kg/head) Italy 48 6,220 Germany 48 7,142 Spain 43 6,993 France 46 6,303 United Kingdom 116 7,002 Total EU ,524 * Based on farms included in EU Fadn panel. /100 lt Lombardy Bavaria Rhône Alpes Italian dairy farms have reached a dimension in terms of heads similar to other main EU partners, except the UK; instead, in terms of average milk yield, there is still a gap. Italian farmers receive for their milk an higher price than Germans and French, due mainly to the very relevant presence of PDO food chains and their higher quality requirements. Source: Fadn, Clal. 16

17 Summary 1.Introduction 2.The farm stage 3.The manufacturing stage 4.The market 5.Conclusions 17

18 Dairy manufacturing turnover % OF ITALIAN FOOD MANUFACTURING TURNOVER Dairy manufacturing turnover (bln ) In 2010 the turnover was around 14.8 billions euros. Dairy manufacturers were the first among food manufacturers. Source: Federalimentare. 18

19 Dairy manufacturing productions 2009 Delivered quantities (,000 t) % on farm production Cow's milk 10, % Sheep's milk % Goat's milk % Buffalo's milk % Total Italian milk 11, % Imported liquid milk 1,646 Available milk for manufacturing 12,844 Available milk: final destination (%) Cheeses 71% Yogurt 2% Drinking milk 21% Other products 6% Main products (,000 t) Cheeses 1,178 Drinking milk 2,690 Yogurt 295 Butter 107 Source: Istat, Assolatte. 19

20 Italian PDO cheeses Name Manufactured Production (t) Production (t) milk (t) Manufactured milk (t) Grana Padano 158,326 2,234, ,326 2,303,009 Parmigiano Reggiano 113,436 1,669, ,221 1,753,741 Gorgonzola 47, ,454 48, ,000 Mozzarella di bufala campana 33, ,203 36, ,000 Pecorino Romano 26, ,324 27, ,586 Asiago 23, ,722 22, ,790 Taleggio 8,497 62,800 8,699 66,200 Provolone Valpadana 8,799 86,660 7,730 76,340 Montasio 7,691 70,675 6,871 64,883 Others PDO 21, ,061 20, ,205 TOTAL PDO cheeses 449,894 5,226, ,102 5,373,754 PDO cheeses represent around 38% of total Italian cheeses, absorb 47% of total Italian milk and account for 55% of total global turnover of PDO/PGI Italian products. Source: Assolatte, Istat and Ig Consortia. 20

21 Dairy manufacturing units Dairy manufacturing units Agricultural cooperative 593 Collection centres The number of companies involved in milk collecting and processing (2,149 in 2009) has not experienced a significant decrease over the last decade; indeed a deep process of restructuring had occurred in the 80s and 90s. Farms 69 Dairies Source: Istat. 21

22 Average dairies size (% on total dairies) 5,000 t or less From 5,001 to 20,000 t Dairies by volume of milk treated From From 20,001 to 50,001 to 50,000 t 100,000 t From 100,001 to 300,000 t Over 300,000 t Italy 78% 15% 4% 1% 1% 0% Germany 34% 9% 10% 12% 19% 16% Spain 84% 9% 2% 2% 2% 1% France 59% 16% 8% 6% 7% 3% United Kingdom 85% 4% 4% 3% 3% 2% The average size of the dairies is still not very large: more than 78% of dairies collect 5,000 t milk or less while in Germany and France the figures stand at 34% and 59% respectively. Source: Eurostat. 22

23 Top 10 dairy companies Rk. Turnover (,000 ) Company Gruppo Lactalis Italia Spa (4) 1,287,997 2 Granlatte - Granarolo Co-operative 917,957 3 Parmalat (1) (2) Spa 820,548 4 Kraft Foods Italia (3) Spa 683,465 5 Danone Italia Spa 490,686 6 Consorzio Virgilio Co-operative 398,498 7 Zanetti Spa 262,637 8 Newlat (3) Spa 260,300 9 Sterilgarda Spa 235, Nuova Castelli (3) Spa 232,163 (1) Only turnover in Italy. (2) In 2011 it has been taken over by Lactalis Group. (3) The reported turnover is composed by dairy and other products. (4) Spa- Joint Stock Company. All the main companies (co-operatives and spa) are located mostly in Northern Italy and are specialized both in industrial, brand-name products and in the main PDO products (above all Grana Padano and Parmigiano-Reggiano). Co-operatives register average sales revenues that are higher than those of the spa companies ( 6.9 million vs. 4.4 million). Source: Aida, Italian agricultural co-operation observatory. 23

24 Summary 1.Introduction 2.The farm stage 3.The manufacturing stage 4.The market 5.Conclusions 24

25 2009 The dairy value chain The Agricultural stage 4.5 bln. Imported liquid milk 0.5 bln bln. The manufacturing stage 14.4 bln. The commercial stage (bln. ) Retail 12.3 HoReCa 7.9 Export bln. Final value generated by the Italian dairy industry 21.7 bln. Source: Istat, Osservatorio Latte. 25

26 Italian households consumptions Pork meat 9,3% Beef meat 7,0% Bread and other cereals' products 14,0% Other food and beverage s 18,2% Food purchases (2010, %) Poultry meat 2,5% Milk and dairy products 19,1% Fish products 8,0% Vegetables 10,0% Fruits 6,7% Olive oil Wines 3,1% 2,3% Final consumption of milk, cheese and eggs by households (mln. ) Constant prices Current prices Milk and dairy products amounts at 19% of total Italian households food purchases. In terms of real value, the final indoor consumption has decreased for the last ten years. Source: Istat, Ismea. 26

27 Millions Millions Millions External trade Total dairy Import Export Milk Cheese Import Export Import Italy has a clear deficit in total dairy external trade. But, while the milk shows a deep deficit, the cheese sector has experienced a surplus in value (even if not in volume) in the last two years. Export Source: Istat 27

28 Italian cheese export: top destinations and PDO relevance (mln. ) FRANCE GERMANY UNITED STATES UNITED KINGDOM SWITZERLAND BELGIUM SPAIN AUSTRIA NETHERLANDS LUXEMBOURG OTHER COUNTRIES TOTAL 1, , ,658.8 Export 2010 (mln. ) PDO cheeses Other cheeses 1, % 50% 100% The main destinations for Italian cheeses are developed and high income countries. Moreover, almost 70% of exported cheeses in value are PDO cheeses. Source: Istat, Ismea 28

29 Forecasted consumption of cheese Forecasted consumption of cheese in developed countries (,000 t) Forecasted consumption of cheese in emerging countries (,000 t) % % % % % Usa Eu China Brazil Russia In the next years world consumption of cheese and other dairy products is forecasted to grow both in developed countries and in emerging economies. Source: Fapri. 29

30 Summary 1.Introduction 2.The farm stage 3.The manufacturing stage 4.The market 5.Conclusions 30

31 Conclusions: a SWOT analysis on Italian dairy industry STRENGTHS High quality of productions (PDO above all); Great importance of the industry in agrifood sector; Important role of co-operative businesses; Italian farms size similar to other EU partners; High appeal of Made in Italy mark on international market. OPPORTUNITIES Increase of dairy consumptions both in developed and in emerging economies; Possible liberalization of world trade in food and beverages products. WEAKNESSES Insufficient availability of national raw material (liquid milk); Small dimensions for many dairies; Low bargaining power with retailing chains; Higher productions costs and prices than other EU partners. THREATS High volatility of international prices; Impact of the end of EU quotas regime on farms; Pressure of imports from countries with lower production costs than Italy. 31

32 Conclusions: the main issues The Italian dairy industry is one of the most important industries among national ones and the most important one among food & beverage industries. The agricultural stage has experienced a deep process of restructuration in the last ten years. High market volatility and EU quotas regime phasing out could further improve business efficiency, putting out of market some more farms. The manufacturing stage is composed by many small and medium dairies and some big enterprises, both private multinationals (mainly with foreign headquarters) and co-operatives, owned by Italian farmers. The Italian dairy industry as a whole imports raw materials like liquid milk and exports high value added products like PDO cheeses, which represent about 50% of total exported cheeses. Indeed, although in terms of quantities imports of cheese are higher than exports, in terms of value Italy has a surplus. The main destinations are developed and high income countries. In the next years the new emerging economies will be an important chance of growth. 32

33 Thank you for your attention Agri-food Business Unit Nomisma Spa Strada Maggiore, Bologna 33

GIs Consumer preferences And firm strategies The case of Parmigiano-Reggiano

GIs Consumer preferences And firm strategies The case of Parmigiano-Reggiano GIs Consumer preferences And firm strategies The case of Parmigiano-Reggiano 16 June 2008 Leo Bertozzi Consorzio del Formaggio Parmigiano Reggiano Reggio Emilia (Italy) The Parmigiano-Reggiano chain Cheese

More information

Value of production of agricultural products and foodstuffs, wines, aromatised wines and spirits protected by a geographical indication (GI)

Value of production of agricultural products and foodstuffs, wines, aromatised wines and spirits protected by a geographical indication (GI) Value of production of agricultural products and foodstuffs, wines, aromatised wines and spirits protected by a geographical indication (GI) TENDER N AGRI 2011 EVAL 04 Leaflet October 2012 The information

More information

Main trends in industry in 2014 and thoughts on future developments. (April 2015)

Main trends in industry in 2014 and thoughts on future developments. (April 2015) Main trends in industry in 2014 and thoughts on future developments (April 2015) Development of the industrial sector in 2014 After two years of recession, industrial production returned to growth in 2014.

More information

The Agricultural and AgriFood Sector in Canada

The Agricultural and AgriFood Sector in Canada A M B A S C I A T A D I T A L I A O T T A W A The Agricultural and AgriFood Sector in Canada The Italian Experience Overview 8.2% of total Canadian GDP or 98bnCAD; Growing at an average rate of 2.3% Employing

More information

Food Market Diversification Approach Lithuanian case

Food Market Diversification Approach Lithuanian case Food Market Diversification Approach Lithuanian case Jolanta Drozdz, Artiom Volkov Agricultural Policy and Foreign Trade Division, Lithuanian Institute of Agrarian Economics CAP and the Competitiveness

More information

Member States Factsheets I T A L Y CONTENTS. Main figures - Year 2014 59 685 227 inhabitants Area 302 069 km 2

Member States Factsheets I T A L Y CONTENTS. Main figures - Year 2014 59 685 227 inhabitants Area 302 069 km 2 January 2015 Member States Factsheets I T A L Y CONTENTS Main figures 2014 1. KEY DATA 2. POPULATION & ECONOMY 3. FINANCIAL ASPECTS 4. ECONOMIC ACCOUNTS 5. AGRICULTURAL TRADE 6. FARM STRUCTURE 1 2 3 4-5

More information

Regional and local marketing of non- GMO quality products Workshop

Regional and local marketing of non- GMO quality products Workshop GMO free regions and biodiversity Conference Regional and local marketing of non- GMO quality products Workshop Luca Colombo Consiglio dei Diritti Genetici Genetic Rights Council, Italy Regional and local

More information

The Food Industry in Italy

The Food Industry in Italy 13 The Food Industry in Italy M. Bonetti, N. Hadjidimitriou, M. Peroni, A. Zanoli University of Bologna 13.1 INTRODUCTION The food industry plays an important role in the manufacturing industry because

More information

Coop case: the position, the guarantees system, the information to the consumers

Coop case: the position, the guarantees system, the information to the consumers Coop case: the position, the guarantees system, the information to the consumers Claudio Mazzini Resp. Innovazione e Valori COOP Italia Claudio Mazzini - COOP ITALIA COOP is the largest italian supply

More information

Member States Factsheets I R E L A N D CONTENTS. Main figures - Year 2014 4 591 087 inhabitants Area 69 798 km 2

Member States Factsheets I R E L A N D CONTENTS. Main figures - Year 2014 4 591 087 inhabitants Area 69 798 km 2 January 2015 Member States Factsheets I R E L A N D CONTENTS Main figures 2014 1. KEY DATA 2. POPULATION & ECONOMY 3. FINANCIAL ASPECTS 4. ECONOMIC ACCOUNTS 5. AGRICULTURAL TRADE 6. FARM STRUCTURE 1 2

More information

Kazan Federal University

Kazan Federal University Kazan Federal University The Russian agricultural sector and WTO: advantages and disadvantages Doctor of Economic Sciences, Head of the Banking Chair Vagizova Venera Doctor of Economic Sciences Labedeva

More information

Veal and Foodservice. Rémi VILAINE, Directeur Général GIRA FOODSERVICE

Veal and Foodservice. Rémi VILAINE, Directeur Général GIRA FOODSERVICE Veal and Foodservice Rémi VILAINE, Directeur Général GIRA FOODSERVICE The World OOH Market - 2005 North America 1 360 2 182 Western Europe 750 18% 129 80 33 220 9% 63 Eastern Europe 250 123 17% Middle

More information

Food & Drink Industry Austria. Bord Bia, Frankfurt November 27 th 2008

Food & Drink Industry Austria. Bord Bia, Frankfurt November 27 th 2008 Food & Drink Industry Austria Bord Bia, Frankfurt November 27 th 2008 Austrian Market Overview Population: 8.26 million (OECD, 2008) Capital: Vienna (1.65 million), Graz (244,537), Linz (188,407) and Salzburg

More information

Landbouw Innovatie Brabant Samenwerkingsverband Provincie Noord-Brabant - ZLTO

Landbouw Innovatie Brabant Samenwerkingsverband Provincie Noord-Brabant - ZLTO Landbouw Innovatie Brabant Samenwerkingsverband Provincie Noord-Brabant - ZLTO Bezoek delegatie uit Noord-Brabant aan de regio Emilia Romagna 16-17 oktober, illustratief weergegeven in deze PowerPoint

More information

ANALYSIS OF LEBANON S FOOD MARKET

ANALYSIS OF LEBANON S FOOD MARKET ANALYSIS OF LEBANON S FOOD MARKET Table of Contents World Food Market 3 Lebanon s Food Production 8 Lebanon s Food Imports and Exports 11 Evolution of Food Imports 11 Food Imports by Type 12 Food Imports

More information

NATIONAL UNIVERSITY OF LIFE AND ENVIRONMENTAL SCIENCES OF UKRAINE

NATIONAL UNIVERSITY OF LIFE AND ENVIRONMENTAL SCIENCES OF UKRAINE NATIONAL UNIVERSITY OF LIFE AND ENVIRONMENTAL SCIENCES OF UKRAINE Ukrainian agricultural products competitiveness on European market in time of financial challenges Sergey Grygoryev Contents: Part 1. Trade

More information

The wine market: evolution and trends

The wine market: evolution and trends The wine market: evolution and trends May 2014 1 Table of contents 1. WINE CONSUMPTION 3 2. TRENDS IN WORLD WINE TRADE IN 20 6 3. TOP WINE EXPORTERS IN 20 7 4. TOP WINE IMPORTERS IN 20 9 5. THE FIVE LARGEST

More information

Christine Moeller European Commission DG AGRI Economic analysis of EU agriculture VLI Fruehjahrstagung, Duesseldorf, 23 April 2009

Christine Moeller European Commission DG AGRI Economic analysis of EU agriculture VLI Fruehjahrstagung, Duesseldorf, 23 April 2009 Future availability and value of agricultural commodities in the EU Christine Moeller European Commission DG AGRI Economic analysis of EU agriculture VLI Fruehjahrstagung, Duesseldorf, 23 April 2009 Outline

More information

European Dairy Industry The European Dairy Industry 2015 2020 Towards 2020 A Syndicated Research Proposal A Syndicated Research Proposal

European Dairy Industry The European Dairy Industry 2015 2020 Towards 2020 A Syndicated Research Proposal A Syndicated Research Proposal European The European Dairy Dairy Industry Industry 2015 Towards 2020 2020 A Syndicated Syndicated Research Research Proposal Proposal Removing Challenges, the Strategies shackles and Change A Company

More information

NURSERY IN THE CURRENT EUROPEAN SCENARIO

NURSERY IN THE CURRENT EUROPEAN SCENARIO 1 Catania NURSERY IN THE CURRENT ECONOMIC CONTEXT: A COMPARISON WITH AGRICULTURE AND WITH THE EUROPEAN SCENARIO 25 giugno 2013 www.ismea.it www.ismeaservizi.it THE AGROFOOD SECTOR IN THE ITALIAN ECONOMY

More information

EUROPEAN ECONOMIC AND SOCIAL COMMITTEE. THE FUTURE OF ORGANIC PRODUCTION IN EUROPE Second panel National perspectives.

EUROPEAN ECONOMIC AND SOCIAL COMMITTEE. THE FUTURE OF ORGANIC PRODUCTION IN EUROPE Second panel National perspectives. ENVIRONMENTAL AND TERRITORY AREA EUROPEAN ECONOMIC AND SOCIAL COMMITTEE THE FUTURE OF ORGANIC PRODUCTION IN EUROPE Second panel National perspectives Annalisa Saccardo Bruxelles september 15th 2014 ITALIAN

More information

Overview on milk prices and production costs world wide

Overview on milk prices and production costs world wide Overview on milk prices and production costs world wide This article summarises the key findings of the IFCN work in 2013 and the recently published IFCN Dairy Report 2013 Authors: Torsten Hemme and dairy

More information

The Importance of Dairy in the World How to assess the economic benefits of dairying

The Importance of Dairy in the World How to assess the economic benefits of dairying The Importance of Dairy in the World How to assess the economic benefits of dairying Conference on Benefits of Dairy for Emerging Economies Véronique PILET CNIEL (Fr) The Importance of Dairy in the World

More information

Foods With Healthy Supplements and Organics Have Room for Growth

Foods With Healthy Supplements and Organics Have Room for Growth Foods With Healthy Supplements and Organics Have Room for Growth Major Perception Gaps Across the Globe Towards Fortified and Organic Foods Popularity Held Back by Pricy Image, Niche Distribution and Credibility

More information

European Data Network for Improved Transparency of Organic Markets

European Data Network for Improved Transparency of Organic Markets European Data Network for Improved Transparency of Organic Markets The OrganicDataNetwork online database and the challenge of presenting European market data in a common database Presented at the Workshop

More information

ECONOMIC ACTIVITY AND EMPLOYMENT FOREIGN TRADE AND COMPETITIVENESS INFLATION CREDIT THE PUBLIC FINANCES

ECONOMIC ACTIVITY AND EMPLOYMENT FOREIGN TRADE AND COMPETITIVENESS INFLATION CREDIT THE PUBLIC FINANCES NUMBER 99 JULY 21 ECONOMIC ACTIVITY AND EMPLOYMENT FOREIGN TRADE AND COMPETITIVENESS INFLATION CREDIT THE PUBLIC FINANCES MACROECONOMIC PROJECTIONS 1 7 8 11 12 Directorate general for economics, statistics

More information

It is a well-known fact that the dairy industry actively

It is a well-known fact that the dairy industry actively The Economic Importance of Dairying Dairy is a universal agricultural production: people milk dairy animals in almost every country across the world, and up to one billion people live on dairy farms. 1

More information

In 2012, GNP in constant prices increased by 1.8% compared with 2011.

In 2012, GNP in constant prices increased by 1.8% compared with 2011. 8 Economy In 2012, GNP in constant prices increased by 1.8% compared with 2011. The building and construction sector fell by 7.7% in value added terms in 2012 compared to 2011. Manufacturing industry decreased

More information

COMPANY PRESENTATION STAR CONFERENCE 2011. MILAN 2011, 22 nd March

COMPANY PRESENTATION STAR CONFERENCE 2011. MILAN 2011, 22 nd March COMPANY PRESENTATION MILAN 2011, 22 nd March AGENDA 1. The group at a glance 2. Market overview 3. Financials 4. Share price Pag. 2 SPEAKERS LUIGI LUZZATI Chairman of Centrale del Latte di Torino & C.

More information

Plastics Converting in Europe

Plastics Converting in Europe Understanding the plastics industry Plastics Converting in Europe The European Plastics Converters (EuPC) is the leading EU-level Trade Association, based in Brussels, representing European Plastics Converters.

More information

The economic and social impact of the Institute for Animal Health s work on Bluetongue disease (BTV-8)

The economic and social impact of the Institute for Animal Health s work on Bluetongue disease (BTV-8) The economic and social impact of the Institute for Animal Health s work on Bluetongue disease (BTV-8) Donald Webb DTZ One Edinburgh Quay 133 Fountainbridge Edinburgh EH3 9QG Tel: 0131 222 4500 March 2008

More information

Country trade view Italy. Trends in global trade

Country trade view Italy. Trends in global trade Country trade view Italy Trends in global trade Summary Italy is a significant player in world trade. In 2014, it was the eleventh-largest importer and the ninth-largest exporter in the world. Italy comprises

More information

Surface area of vineyards worldwide

Surface area of vineyards worldwide O.I.V.1 IL MERCATO MONDIALE DEL VINO: SFIDE E OPPORTUNITA Fondazione Mach San Michele all Adige 9 gennaio 15 federico@castellucciconsulting.eu Area under vines Vitiviniculturalproduction potential: the

More information

FINANCIAL MARKETS AND EUROZONE CRISIS

FINANCIAL MARKETS AND EUROZONE CRISIS FINANCIAL MARKETS AND EUROZONE CRISIS GENERAL OVERVIEW MARCELLO MINENNA A SINGLE CURRENCY, A SINGLE CURVE Trend of the 10 year interest rates over the period 1993 2007 Choice of countries participating

More information

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Italy Food Processing

More information

OHIO. The European Union. Why the EU Matters for the Buckeye State. Indiana University. European Union Center

OHIO. The European Union. Why the EU Matters for the Buckeye State. Indiana University. European Union Center OHIO & The European Union Why the EU Matters for the Buckeye State Indiana University European Union Center Table of Contents Why does the EU Matter? 1 Ohio s Trade with the EU 2 The EU s Investments in

More information

10 TRADE SHOWS IN ONE

10 TRADE SHOWS IN ONE www.anuga.com NEWS 2015 COLOGNE, 10. 14.10.2015 10 TRADE SHOWS IN ONE Anuga News 2015 The very good result of the 32nd Anuga in Cologne is reflected in the around 155,000 trade visitors from 187 countries

More information

STANDARDIZED MILK PRICE CALCULATIONS for MAY 2010 deliveries

STANDARDIZED MILK PRICE CALCULATIONS for MAY 2010 deliveries STANDARDIZED MILK PRICE CALCULATIONS for MAY deliveries Company Milcobel Alois Müller Humana Milchunion eg Nordmilch Arla Foods Hämeenlinnan Osuusjeri Bongrain CLE (Basse Normandie) Da (Pas de Calais)

More information

Facts&figures of pharmaceutical industry in Italy. June 2016

Facts&figures of pharmaceutical industry in Italy. June 2016 Facts&figures of pharmaceutical industry in Italy June 2016 Key figures of pharma sector in Italy (% on total), member of Farmindustria, representing 90% of industrial value of pharmaceutical sector in

More information

Monitoring Agency. Flexible Management of EU Milk Supply Expertise commissioned by the European Milk Board (EMB)

Monitoring Agency. Flexible Management of EU Milk Supply Expertise commissioned by the European Milk Board (EMB) Monitoring Agency Flexible Management of EU Milk Supply Expertise commissioned by the European Milk Board (EMB) Dr. Andrea Fink-Keßler Romuald Schaber Conference: The EU dairy sector: developing beyond

More information

Inflation. Credit. Coincident indicator (Ita-coin) and Italian GDP (1) (percentage changes)

Inflation. Credit. Coincident indicator (Ita-coin) and Italian GDP (1) (percentage changes) NUMBER 16 FEBRUARY 216 Economic activity and employment Foreign trade and competitiveness Inflation Credit The Public Finances Macroeconomic projections 1 7 8 11 12 Directorate general for economics, statistics

More information

UPDATE ON CURRENT MACRO ENVIRONMENT

UPDATE ON CURRENT MACRO ENVIRONMENT 1 Oct 213 Macro & Strategy Equity Credit Commodities 13 13 #1 Global Strategy #1 Multi Asset Research #3 Global Economics #2 Equity Quant #2 Index Analysis #3 SRI Research 12 sector teams in the Top 1

More information

How To Study The Small Ruminant Population In The European Land Animals

How To Study The Small Ruminant Population In The European Land Animals 1 Joint Research Centre (JRC) Economic Analysis of Electronic Identification (EID) of Small Ruminants in Member States IPSC - Institute for the Protection and Security of the Citizen Ispra - Italy http://ipsc.jrc.ec.europa.eu/

More information

THE ASSOCIATION OF ANIMAL FEED PRODUCERS IN THE UK INDUSTRY REPORT FOR 2014 AND BEYOND

THE ASSOCIATION OF ANIMAL FEED PRODUCERS IN THE UK INDUSTRY REPORT FOR 2014 AND BEYOND THE ASSOCIATION OF ANIMAL FEED PRODUCERS IN THE UK INDUSTRY REPORT FOR 2014 AND BEYOND Introductory Message from the Chief Executive: Welcome to this, the 20 th annual report from The Association of Animal

More information

Long- distance horse transports in the European Union

Long- distance horse transports in the European Union [ End Horse Slaughter ] Long- distance horse transports in the European Union In 2012 alone, 36,465 horses were subjected to the stress of long- distance transportation from one EU Member State to another

More information

Xylexpo 2014 A glance to the industry. An event for the market.

Xylexpo 2014 A glance to the industry. An event for the market. Dario CORBETTA Director, Acimall (Milano) Xylexpo 2014 A glance to the industry. An event for the market. XYLEXPO EUROPEAN PRESS CONFERENCE A glance to the industry ITALIAN WOODWORKING MACHINERY INDUSTRY

More information

ITALIAN FOOD PRODUCTS

ITALIAN FOOD PRODUCTS THE CHOICE FOR QUALITY HO.RE.CA ITALIAN FOOD PRODUCTS FOOD SERVICE SUPPLIER COMPANY Italcatering srl was established in 1990 as a result of consolidated experience in distribuition of food and non-food

More information

University of Copenhagen. Summary: Food price monitoring in Denmark Hansen, Henning Otte. Publication date: 2011

University of Copenhagen. Summary: Food price monitoring in Denmark Hansen, Henning Otte. Publication date: 2011 university of copenhagen University of Copenhagen Summary: Food price monitoring in Denmark Hansen, Henning Otte Publication date: 2011 Document Version Publisher's PDF, also known as Version of record

More information

McDonald s Economic Footprint in Europe: Did you know that...

McDonald s Economic Footprint in Europe: Did you know that... McDonald s Economic Footprint in Europe: Did you know that... 1 Introduction Introducing our report McDonald s salaries Salaries and wages paid by McDonald s Europe and its franchisees are partly reinvested

More information

First estimate for 2014 Euro area international trade in goods surplus 194.8 bn 24.2 bn surplus for EU28

First estimate for 2014 Euro area international trade in goods surplus 194.8 bn 24.2 bn surplus for EU28 30/2015-16 February 2015 First estimate for 2014 Euro area international trade in goods surplus 194.8 bn 24.2 bn surplus for EU28 The first estimate for the euro area 1 (EA18) trade in goods balance with

More information

The short supply chain in France: a response to consumers expectations?

The short supply chain in France: a response to consumers expectations? Symposium of the Scientific Committee of the Belgian Food Safety Agency FOOD SAFETY OF THE SHORT SUPPLY CHAIN Brussels, 9-11-2012 The short supply chain in France: a response to consumers expectations?

More information

OIV s Focus. The sparkling wine market. The sparkling wine market has expanded in recent years, boosted by high global demand.

OIV s Focus. The sparkling wine market. The sparkling wine market has expanded in recent years, boosted by high global demand. OIV s Focus The sparkling wine market The sparkling wine market has expanded in recent years, boosted by high global demand. Production has increased significantly: + 4% in 1 years, while that of still

More information

International Marketing and Trade of Protected Designation of Origin Products

International Marketing and Trade of Protected Designation of Origin Products International Marketing and Trade of Protected Designation of Origin Products Cristina Mora University of Parma, Italy crismora@unipr.it Poster Paper prepared for presentation at the 105 th EAAE Seminar

More information

Impact of the abolition of EU Milk quotas on Agriculture in the UK

Impact of the abolition of EU Milk quotas on Agriculture in the UK Impact of the abolition of EU Milk quotas on Agriculture in the UK Myles Patton 1, Julian Binfield 2, Joan Moss 1, Philip Kostov 3, Lichun Zhang 3, John Davis 1 and Patrick Westhoff 2 1) Agri-Food & Biosciences

More information

Agri-Food Strategy Board Call For Evidence. Developing A Strategic Plan For The Agri-Food Sector In Northern Ireland

Agri-Food Strategy Board Call For Evidence. Developing A Strategic Plan For The Agri-Food Sector In Northern Ireland Agri-Food Strategy Board Call For Evidence Developing A Strategic Plan For The Agri-Food Sector In Northern Ireland Contact Name: Nigel Murphy (secretary) Sector Body (if appropriate): CAFRE College Advisory

More information

Chart 1: Zambia's Major Trading Partners (Exports + Imports) Q4 2008 - Q4 2009. Switzernd RSA Congo DR China UAE Kuwait UK Zimbabwe India Egypt Other

Chart 1: Zambia's Major Trading Partners (Exports + Imports) Q4 2008 - Q4 2009. Switzernd RSA Congo DR China UAE Kuwait UK Zimbabwe India Egypt Other Bank of Zambia us $ Million 1. INTRODUCTION This report shows Zambia s direction of merchandise trade for the fourth quarter of 2009 compared with the corresponding quarter in 2008. Revised 1 statistics,

More information

Total Income from Farming in the United Kingdom. First estimate for 2015

Total Income from Farming in the United Kingdom. First estimate for 2015 28 April 2016 Total Income from Farming in the United Kingdom First estimate for 2015 This release presents the first estimate of Total Income from Farming for the United Kingdom for 2015. Total Income

More information

MARKET NEWSLETTER No 94 May 2015

MARKET NEWSLETTER No 94 May 2015 Believe in Olive Oil promotion campaign gears up for launch in Japan The International Olive Council will be officially launching its Believe in Olive Oil campaign to promote olive oil in Japan this coming

More information

EXPERIAN FOOTFALL: FASHION CONVERSION BENCHMARKING REPORT: 2014

EXPERIAN FOOTFALL: FASHION CONVERSION BENCHMARKING REPORT: 2014 EXPERIAN FOOTFALL: FASHION CONVERSION BENCHMARKING REPORT: 2014 An overall look into fashion conversion performance across different countries, sectors and categories. OVERVIEW The fashion conversion benchmark

More information

Hungarian and Romanian Agri-Food Trade in the European Union

Hungarian and Romanian Agri-Food Trade in the European Union Hungarian and Romanian Agri-Food Trade in the European Union józsef fogarasi Research Institute of Agricultural Economics, Hungary The paper investigates the competitiveness of Hungarian and Romanian agri-food

More information

AGRI- BUSINESS IN ARGENTINA A SEMINAR ON INVESTMENT OPPORTUNITIES

AGRI- BUSINESS IN ARGENTINA A SEMINAR ON INVESTMENT OPPORTUNITIES AGRI- BUSINESS IN ARGENTINA A SEMINAR ON INVESTMENT OPPORTUNITIES Maximiliano Moreno Director of Multilateral Negotiations Ministry of Agriculture, Livestock and Fisheries Argentina NEW INTERNATIONAL ENVIRONMENT

More information

(14-3238) Page: 1/7 TRENDS IN DOMESTIC SUPPORT MARKET PRICE SUPPORT COMMUNICATION FROM THE UNITED STATES OF AMERICA

(14-3238) Page: 1/7 TRENDS IN DOMESTIC SUPPORT MARKET PRICE SUPPORT COMMUNICATION FROM THE UNITED STATES OF AMERICA 3 June 2014 (14-3238) Page: 1/7 Committee on Agriculture Original: English TRENDS IN DOMESTIC SUPPORT MARKET PRICE SUPPORT COMMUNICATION FROM THE UNITED STATES OF AMERICA 1 OVERVIEW 1.1. WTO Members have

More information

GRANAROLO COMPANY PROFILE November 2015

GRANAROLO COMPANY PROFILE November 2015 GRANAROLO COMPANY PROFILE November 2015 GROUP OVERVIEW AGENDA FINANCIAL RESULTS EXPECTED GROWTH UP TO FY16 APPENDIX GRANAROLO COMPANY PROFILE May 2015 CONFIDENTIAL 2 THE GROUP IN BRIEF Established in 1957,

More information

Analysis of Lebanon s Food Market (2009-2013)

Analysis of Lebanon s Food Market (2009-2013) Analysis of Lebanon s Food Market (2009-2013) Table of Contents: World Food Market:... 2 Lebanon s Food Production:... 7 Food Imports and Exports:... 9 Evolution of Food Imports:... 9 Value of Food Imports

More information

Smart Food. ANTONIO ANTONACCI a.antonacci@smartfood.bio +39 340 3197533 Skype: systony LinkedIn: linkedin.com/in/antonioantonacci

Smart Food. ANTONIO ANTONACCI a.antonacci@smartfood.bio +39 340 3197533 Skype: systony LinkedIn: linkedin.com/in/antonioantonacci Smart Food SMART AS YOUR CHOICE e- Commerce of organic products based on a Nutritional Plan studied with University professors Free home delivery www.smartfood.bio ANTONIO ANTONACCI a.antonacci@smartfood.bio

More information

Experts opinion reports DG AGRI. Analysis on future developments in the milk sector

Experts opinion reports DG AGRI. Analysis on future developments in the milk sector Experts opinion reports 2013 DG AGRI Analysis on future developments in the milk sector This report is a compilation of the opinion of six independent experts and does not reflect the thought or opinions

More information

Granarolo Group 2013 Directors Report. (Translation from the Italian original which remains the definitive version) 2013 Directors Report

Granarolo Group 2013 Directors Report. (Translation from the Italian original which remains the definitive version) 2013 Directors Report (Translation from the Italian original which remains the definitive version) 1 Dear Shareholders, Welcome to the shareholders meeting called for the approval of the 2013 financial statements. As always,

More information

ANALYSIS OF NZ MERCHANDISE TRADE DATA YEAR ENDED JUNE 2013

ANALYSIS OF NZ MERCHANDISE TRADE DATA YEAR ENDED JUNE 2013 Page 1 of 14 ANALYSIS OF NZ MERCHANDISE TRADE DATA YEAR ENDED JUNE 2013 SUMMARY Provisional merchandise trade data for the June 2013 month was released in July. The June 2013 data provides us with our

More information

THE ITALIAN MARKET OF BETTING ON LINE. Executive Summary

THE ITALIAN MARKET OF BETTING ON LINE. Executive Summary THE ITALIAN MARKET OF BETTING ON LINE Executive Summary June, 2007 1. The Italian gaming market Over the past years, the Italian gaming sector has been subject to extensive legal and economic changes;

More information

2013 global economic outlook: Are promising growth trends sustainable? Timothy Hopper, Ph.D., Chief Economist, TIAA-CREF January 24, 2013

2013 global economic outlook: Are promising growth trends sustainable? Timothy Hopper, Ph.D., Chief Economist, TIAA-CREF January 24, 2013 2013 global economic outlook: Are promising growth trends sustainable? Timothy Hopper, Ph.D., Chief Economist, TIAA-CREF January 24, 2013 U.S. stock market performance in 2012 * +12.59% total return +6.35%

More information

EUROPEAN AGRICULTURE OF THE FUTURE

EUROPEAN AGRICULTURE OF THE FUTURE BOLOGNA, JANUARY 2008 EUROPEAN AGRICULTURE OF THE FUTURE THE ROLE OF PLANT PROTECTION PRODUCTS ELECTRONIC COPY If you would like an electronic copy of the full report, or have questions and need further

More information

Canada s Organic Market National Highlights, 2013

Canada s Organic Market National Highlights, 2013 Canada s Organic Market National Highlights, 2013 IN LATE 2012, THE CANADA ORGANIC TRADE ASSOCIATION LAUNCHED THE ORGANIC MARKET RESEARCH PROGRAM, THE MOST COMPREHENSIVE STUDY OF CANADA S ORGANIC MARKETPLACE

More information

GEOGRAPHICAL INDICATIONS

GEOGRAPHICAL INDICATIONS GEOGRAPHICAL INDICATIONS A different way to access the global food market Mauro Rosati General Director Qualivita Foundation 1 THE QUALIVITA FOUNDATION The Qualivita Foundation was established in 2002

More information

food tourism october 2014 Culinary experiences as a means of travelling and discovering countries

food tourism october 2014 Culinary experiences as a means of travelling and discovering countries Culinary experiences as a means of travelling and discovering countries october 2014 WHO WE ARE p 3 THE STUDY p 4 SCENARIO p 6 TRENDS THE CULINARY TRAVELLER CONCLUSIONS p12 p21 p26 Pangaea network Who

More information

Trends in Australia s Exports 1

Trends in Australia s Exports 1 April 2 Trends in Australia s Exports 1 The reduction of trade barriers, and cheaper transportation and communication costs have contributed to Australia becoming more open and more closely integrated

More information

INSERT YOUR PICTURE HERE

INSERT YOUR PICTURE HERE ChefEx Vegetable Supplier ABC Produce Murray s Cheese, founded in 1940, is New York s oldest and most respected cheese purveyor. Now you can offer the finest hand-selected cheeses of Europe. Murray s ships

More information

A Global Outlook on Sustainability in the Dairy Production

A Global Outlook on Sustainability in the Dairy Production A Global Outlook on Sustainability in the Dairy Production VII CONGRESO COOPERATIVAS AGRO-ALIMENTARIAS Hans Jöhr Head Corporate Operations Agriculture Valencia, 27 February 2015 Content Part I: The challenge

More information

Total Factor Productivity of the United Kingdom Food Chain 2014 final estimate

Total Factor Productivity of the United Kingdom Food Chain 2014 final estimate 28 th July 2016 Total Factor Productivity of the United Kingdom Food Chain 2014 final estimate 1. Key messages Total factor productivity of the UK food chain beyond the farmgate has decreased by 2.8 per

More information

Second Quarter and First Half 2015 Trading Update

Second Quarter and First Half 2015 Trading Update Second Quarter and First Half 2015 Trading Update Trading Performance Year-on-Year Gross Profit Reported ( m) Constant 2015 2014 % % Q2 145.3 137.1 +6.0% +10.6% H1 281.0 263.7 +6.6% +10.8% Q2 Gross Profit

More information

The Diversity of Effects of EU Membership on Agriculture in New Member States

The Diversity of Effects of EU Membership on Agriculture in New Member States FAO Regional Office for Europe and Central Asia Policy Studies on Rural Transition No. 2009-4 The Diversity of Effects of EU Membership on Agriculture in New Member States Csaba Csaki and Attila Jambor

More information

WALLOON AGRICULTURE IN FIGURES

WALLOON AGRICULTURE IN FIGURES WALLOON AGRICULTURE IN FIGURES Update : February 2014 Warning : The sample s definition of the GDSIE s census has changed since 2011. Therefore, great caution is required in interpreting evolutions observed

More information

Eurozone. EY Eurozone Forecast September 2013

Eurozone. EY Eurozone Forecast September 2013 Eurozone EY Eurozone Forecast September 213 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outlook for Finland

More information

The Norwegian economy

The Norwegian economy The Norwegian economy Slower speed ahead, but still growth Strong mechanisms support mainland economy Wriggle room to smooth business cycles Rune Bjerke CEO Just how bad is it? Slower speed ahead but still

More information

The future of the EU dairy sector after the end of milk quotas

The future of the EU dairy sector after the end of milk quotas Briefing June 2015 after the end of milk quotas SUMMARY Milk is produced in every EU Member State and EU milk production is growing. As the leading worldwide exporter of many dairy products, the EU is

More information

Apples Review of 2012/13 season Prognosfruit - Congress 2013 Helwig Schwartau, AMI

Apples Review of 2012/13 season Prognosfruit - Congress 2013 Helwig Schwartau, AMI Apples Review of 2012/13 season Prognosfruit - Congress 2013 Helwig Schwartau, AMI Market balance for table apples in EU-27 1.000 tons 2009/10 2010/11 2011/12 2012/13f Market production 10.984 9.651 10.663

More information

2015 Dairy Data. A Review of Wisconsin s. Dairy Industry

2015 Dairy Data. A Review of Wisconsin s. Dairy Industry 205 Dairy Data A Review of s Dairy Industry 205 Dairy Statistics The average dairy cow generates more than $34,000 a year in economic activity. Source: WASS; UW Dept. of Agriculture and Applied Economics

More information

Economic Outlook for Europe and Finland

Economic Outlook for Europe and Finland Economic Outlook for Europe and Finland Finnish-British Chamber of Commerce 15 March 213 Seppo Honkapohja Member of the Board Bank of Finland 1 World economy: World industrial output improved, but international

More information

Dairy Market, Romania, 2009-2016

Dairy Market, Romania, 2009-2016 Brochure More information from http://www.researchandmarkets.com/reports/3043644/ Dairy Market, Romania, 2009-2016 Description: In 2013 the milk and dairy market in Romania rose 8% in volume and 12% in

More information

The State of Canada s Processed Food Sector: Trade Balance

The State of Canada s Processed Food Sector: Trade Balance Understanding the Processed Food Trade Balance The State of Canada s Processed Food Sector: Trade Balance November 2012 Report prepared by Douglas Hedley, PhD, and the Canadian Agri-Food Policy Institute

More information

INSIGHTS ON THE ROMANIAN FMCG MARKET Prepared for the Austrian Embassy

INSIGHTS ON THE ROMANIAN FMCG MARKET Prepared for the Austrian Embassy INSIGHTS ON THE ROMANIAN FMCG MARKET Prepared for the Austrian Embassy Flavia Florea I Key Account Executive I GfK Consumer Panel Services May 7 th 2015 Austrian Embassy Presentation 1 Agenda 1 2 International

More information

MACROECONOMIC OVERVIEW

MACROECONOMIC OVERVIEW MACROECONOMIC OVERVIEW MAY 20 Koç Holding CONTENTS Global Economy... 3 Global Financial Markets... 3 Global Economic Growth Forecasts... 3 Turkey Macroeconomic Indicators... Economic Growth... Industrial

More information

Agricultural Production and Research in Heilongjiang Province, China. Jiang Enchen. Professor, Department of Agricultural Engineering, Northeast

Agricultural Production and Research in Heilongjiang Province, China. Jiang Enchen. Professor, Department of Agricultural Engineering, Northeast 1 Agricultural Production and Research in Heilongjiang Province, China Jiang Enchen Professor, Department of Agricultural Engineering, Northeast Agricultural University, Harbin, China. Post code: 150030

More information

- The general framework: evolution of world and Italian Exports - 2013-15 Plan

- The general framework: evolution of world and Italian Exports - 2013-15 Plan ITALY S EXPORT PLAN 2015 TARGET : over 600 billion euros Rome January 16, 2013 Executive Summary In 2012 export confirmed its role as a major economic development engine while economic problems persist

More information

Spain: Food industry machinery and equipment sector ICEX sector reports

Spain: Food industry machinery and equipment sector ICEX sector reports Spain: Food industry machinery and equipment sector ICEX sector reports one two three four five six Sector definition Spanish sector overview Foreign trade Leading companies Trade fairs Useful addresses

More information

Canada s Organic Market National Highlights, 2013

Canada s Organic Market National Highlights, 2013 Canada s Organic Market National Highlights, 2013 IN LATE 2012, THE CANADA ORGANIC TRADE ASSOCIATION LAUNCHED THE ORGANIC MARKET RESEARCH PROGRAM, THE MOST COMPREHENSIVE STUDY OF CANADA S ORGANIC MARKETPLACE

More information

Small Business Finance Survey ABSTRACT

Small Business Finance Survey ABSTRACT Small Business Finance Survey ABSTRACT Issue No. 4 DECEMBER 2004 CONTENTS OVERVIEW CHAPTER 1 FACTS AND TRENDS 1.1 The international economy 1.2 The economic situation in Italy 1.3 Forecasts for the Italian

More information

U.S. Agriculture and International Trade

U.S. Agriculture and International Trade Curriculum Guide I. Goals and Objectives A. Understand the importance of exports and imports to agriculture and how risk management is affected. B. Understand factors causing exports to change. C. Understand

More information

Why Treasury Yields Are Projected to Remain Low in 2015 March 2015

Why Treasury Yields Are Projected to Remain Low in 2015 March 2015 Why Treasury Yields Are Projected to Remain Low in 5 March 5 PERSPECTIVES Key Insights Monica Defend Head of Global Asset Allocation Research Gabriele Oriolo Analyst Global Asset Allocation Research While

More information

LOOK DEEPER. Paris 16 TH -20 TH OCT 2016 PARIS NORD VILLEPINTE - PARIS. The world's largest food innovation exhibition. Join us

LOOK DEEPER. Paris 16 TH -20 TH OCT 2016 PARIS NORD VILLEPINTE - PARIS. The world's largest food innovation exhibition. Join us LOOK DEEPER Paris The world's largest food innovation exhibition 16 TH -20 TH OCT 2016 PARIS NORD VILLEPINTE - PARIS W W W. S I A L P A R I S. C O M Join us LOOK DEEPER... INTO A DYNAMIC SECTOR AND MARKET

More information