Cyprus recorded a total value of €0.7 billion, a total increase of +4.7% from 2014 to 2015, +13.6% in crop output, -1.4% decrease in animal output, +3.3% increase in agricultural services output according to Eurostat`s economic accounts for agriculture, published today.

The same index for the European Union (EU) stood at €411.2 billion at basic prices in2015, down by 1.8% compared with 2014. In 2015, the equivalent of 60% of the value of agricultural output generated was spent on intermediate consumption (input goods and services), while gross value added (i.e. the value of output minus the value of intermediate consumption) was the equivalent of 40% (or €164.6 bn). With €75.2 bn (or 18% of the EU total) in 2015, France had the highest total agricultural output across Member States. It was followed by Italy (€55.2 bn, or 13%), Germany (€51.5 bn, or 13%), Spain (€45.5 bn, or 11%), the United Kingdom (€29.6 bn, or 7%), the Netherlands (€26.7 bn, or 6%), Poland (€22.3 bn, or 5%) and Romania (€15.5 bn, or 4%).

The 1.8% decrease in EU agricultural output in 2015 compared with 2014 can be mainly attributed to a marked fall (by 5.5%) in the value of animal production, whose 8.5% decrease in prices was only partially offset by a 3.3% increase in volumes. This overall decrease in the value of animal production is due to steep falls by 14.4% for milk (-15.7% for prices; +1.5% for volume) and by 6.5% for pigs (-10.1% for prices; +4.0% for volume).

Source: Famagusta Gazette