EU grain industry warns of import surge from green goals [Reuters]
Archer-Daniels-Midland Company (ADM)
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Source: Reuters
EU grain industry warns of import surge from green goals By Reuters Staff 3 Min Read PARIS, June 23 (Reuters) - European Union targets to reduce the environmental impact of farming could cut crop production sharply and turn the bloc into a net cereal importer, grain industry group Coceral said on Wednesday. Under its “Farm to Fork” strategy set out last year, the European Commission proposed objectives for 2030 including expanding organic production to 25% of farmland from 8% currently, and cutting pesticide use by 50%. The targets have been criticised as unrealistic by agricultural representatives, echoing divisions over environmental standards that have held up negotiations over the EU’s next multi-year farm subsidy programme. The proposed green goals could lower EU production of common wheat, the EU’s main cereal crop, to around 109 million tonnes in 2030 from some 128 million expected this year, Coceral said, citing a mid-case scenario in its analysis. The EU is a major wheat exp
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ADM
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- 3/12/24 - Miss
ADM
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- 3/22/24 - Form 4
- 3/22/24 - Form 4
- 3/22/24 - Form 4
- ADM's page on the SEC website