The European milling and refining industry : What are the prospects after the crisis?. - (:unkn) unknown
The EU began to develop its own production of oilseeds for industrial, non-food usage in the 1980s. In the following years, stimulated by CAP production subsidies, Europe's oilseed milling and refining capacity, primarily for rapeseed, soyabeans andsunflower seeds, continued to increase. The problem of overcapacity soon developed, however, causing profit levels to fall. A crisis point was reached in the oilseeds industry in 1992/93. Reform of the CAP, combined with the introduction of a policy of restrictions on the surface area under cultivation, industry restructuring and rationalization in 1993/94, as well as continued growth in the demand for oils and fats on the international market, have largely helped to alleviate this crisis. The industry's future survival and performance depends on continued restructuring and concentration of production, the utilization of existing milling and refining capacity, diversification, and exploiting expansion opportunities on both the European and international markets.
The EU began to develop its own production of oilseeds for industrial, non-food usage in the 1980s. In the following years, stimulated by CAP production subsidies, Europe's oilseed milling and refining capacity, primarily for rapeseed, soyabeans andsunflower seeds, continued to increase. The problem of overcapacity soon developed, however, causing profit levels to fall. A crisis point was reached in the oilseeds industry in 1992/93. Reform of the CAP, combined with the introduction of a policy of restrictions on the surface area under cultivation, industry restructuring and rationalization in 1993/94, as well as continued growth in the demand for oils and fats on the international market, have largely helped to alleviate this crisis. The industry's future survival and performance depends on continued restructuring and concentration of production, the utilization of existing milling and refining capacity, diversification, and exploiting expansion opportunities on both the European and international markets.
Keywords: Acp.; agricultural policy; economic crises; European Union; milling; non food products; oilseeds; production; purification; rapeseed; structural change; support measures; trends; Agriculture and state; Agriculture; Oilseeds; Rapeseed