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While EU demand for imported soybeans has fallen, the U.S. industry adjusted to meet rising demand elsewhere in the world.
On July 18, 2013, the European Commission stopped providing export subsidies for poultry exports.
In the EU, governments, the media, NGOs, consumer groups and industry remain conflicted about the use of agricultural biotechnology.
The EU is plagued by a highly regulated system that has hindered its ability to react to the supply shortfalls seen over the last few years.
EU farmers are expecting a sizeable grain crop of 292 million metric tons in marketing year 2013/14.
The EU is highly dependent on imports of oilseeds and oilseeds products (protein meals and vegetable oils) to meet demand for food, feed and industrial uses, including biofuels production.