Farmer prices should slow down by -3-4% and production and bureaucrats costs in the further growth (+2-3%). However for farmer incomes a less drastic reduction is expected compared to last year (5-7% against 21% in 2009).

Exports are growing (+3.3% in value) while imports are slowing down, therefore the agrifood trade deficit should shrink considerably (-24% in volume, -10% in value). As for domestic food consumption, by the end of the year a decrease between 1 and 2% is expected. All these data have been recently provided by the Italian Farmers Confederation CIA, based on recent analysis carried out by ISMEA.

The decline in production - CIA highlights - is primarily due by the crops reduction (-3%). In particular, the cereal industry and the fruit and vegetable industry (especially processing tomatoes and summer fruits) are dropping. The overall result shouldn’t however reach the 2009 negative levels  (-2.7%), Ismea emphasizes the - should not, however, touching the negative levels of 2009

As regards domestic consumptions, following the slight increase of the first quarter 2010 (+0.8%), Ismea figures show a halt in the period April to June to (-0, 6%). Therefore, the first half of 2010 was characterized by stable domestic consumption, while spending continues to decline also because of the reduction of consumer prices (-2.8% on average in the first six months 2010).