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    South Korea Boosts Food Aid to Mozambique with $7.6 Million

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  • News
    • All
    • Crops
    • Diary
    • Fresh Produce
    • Game & Wildlife
    • Livestock
    South Korea Boosts Food Aid to Mozambique with $7.6 Million

    South Korea Boosts Food Aid to Mozambique with $7.6 Million

    Mozambique Allocates Land for Zambia’s Dry Port in Nacala

    Mozambique Allocates Land for Zambia’s Dry Port in Nacala

    Mozambique’s Cashew Industry Surges, Nearing Historic Production Peaks

    Mozambique’s Cashew Industry Surges, Nearing Historic Production Peaks

    Youth Month Inspires Africa’s Next Generation of Sustainability Leaders with Student Innovation Competition

    Youth Month Inspires Africa’s Next Generation of Sustainability Leaders with Student Innovation Competition

    SERNIC Seizes Elephant Tusks in Tete, Three Arrested

    SERNIC Seizes Elephant Tusks in Tete, Three Arrested

    Maputo–Matola Intermodal Transport Integration Launches Pilot Phase

    Maputo–Matola Intermodal Transport Integration Launches Pilot Phase

  • Africa
    Youth Month Inspires Africa’s Next Generation of Sustainability Leaders with Student Innovation Competition

    Youth Month Inspires Africa’s Next Generation of Sustainability Leaders with Student Innovation Competition

    Mozambique and Neighbours Exit UN Hunger Hotspot List as Harvests Rebound

    Mozambique and Neighbours Exit UN Hunger Hotspot List as Harvests Rebound

    Unitrans Innovates to Meet Africa’s Logistics Demands

    Unitrans Innovates to Meet Africa’s Logistics Demands

    ASI Expands into Autonomous Construction with SoftBank

    ASI Expands into Autonomous Construction with SoftBank

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    The Great African Land Rush: A Harvest of Hope or a Recipe for Strife?

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    Africa’s Hunger Pains: A Continent on the Brink as Global Trade Wars Bite

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    South Korea Boosts Food Aid to Mozambique with $7.6 Million

    Mozambique Allocates Land for Zambia’s Dry Port in Nacala

    Mozambique Allocates Land for Zambia’s Dry Port in Nacala

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    Maputo–Matola Intermodal Transport Integration Launches Pilot Phase

    Polluted Rivers Force Farmers to Abandon Agriculture in Manica

    Polluted Rivers Force Farmers to Abandon Agriculture in Manica

    Mozambique and Neighbours Exit UN Hunger Hotspot List as Harvests Rebound

    Mozambique and Neighbours Exit UN Hunger Hotspot List as Harvests Rebound

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    Mozambican Cotton Czar Reaffirms Global Clout

  • International
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    Coral-rich Northern Mozambique Channel just became a UN World Restoration Flagship – Comoros, Madagascar, Mozambique and Tanzania involved

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    Arrigoni Earns Gender Equality Certification

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    Invictus Investment Bolsters African Footprint with Acquisition of Mozambique’s Largest Flour Miller

  • Markets
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    Mozambican Sugar Exports Surge 50% to $36m, Bouncing Back from Cyclone Impacts

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

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    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

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    Africa’s local ownership drive must balance foreign investment

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  • Equipment
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    Atlas Copco and JR Compressors Make Strong Impression at Nampo 2025

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    Telehandlers Drive Efficiency on South African Farms

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    Unitrans Innovates to Meet Africa’s Logistics Demands

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    Clean Cooking Takes the Spotlight in Africa’s $40B Energy Drive

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Italian industry Growing Turnover despite the Economic Situation

Ian by Ian
November 10, 2022
in Business, Editor picks, International, News, Technology
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FederUnacoma (Italian Manufacturers’ Federation)’s forecasts for the end of the year indicate a drop in the quantity produced (-6%), but an increase in the value of production (14.2 billion euros, amounting to +3.7% over 2021). The resilience of the domestic market and above all the good performance of exports (+10.4% in July) support the sector, which is nevertheless suffering from the crisis in production costs and the lower agricultural incomes. These statistics were revealed during the EIMA International 2022 Press Briefing in Bologna, Italy on 8 November 2022.

According to the FederUnacoma, the resilience of the domestic market and good demand from foreign markets kept the Italian agricultural machinery industry at good production levels, confirming its leading role on the sector’s international landscape. Registrations on the domestic market remained at good levels – lower than in the record year 2021 but higher than the average of previous years – and exports continue to be the strong point of the Italian industry.

ISTAT data on foreign trade in the seven months of January-July show a growth in exports in value for both tractors (+2.13% compared to the same period in 2021, albeit against a drop in the number of units of 20%) and other types of machinery (+13.6% in value and +0.34 in weight). In the first seven months of the year, the Italian agro-mechanical exports achieved total growth, in value, of 10.4%, against a reduction in quantity of just 2.5%. The main outlet markets are confirmed to be the United States, France and Germany, but exports to Poland (+26%), Romania (+37%) and Hungary (+46%) are growing. The increase in turnover, even in the presence of a reduction in exported quantities, can be attributed to the increase in list prices, a discrepancy that should also characterise the year-end final balance of Italian production, which is estimated to fall by 6% in terms of quantity, but rise in terms of turnover, reaching 14.2 billion euros, a better result than that of the record year 2021, which had recorded a production value of 13.7 billion euros, an increase of 3.7% over the previous year.

The expected turnover for the end of 2022 is affected by the good performance of the green maintenance segment, with production levels in line with last year’s at around EUR 1 billion, and especially that of components, which is estimated to reach a turnover of EUR 3.4 billion by the end of the year. “However responsive and effective it may be, the Italian industry is not exempt from the unfavourable economic situation and all those factors that affect companies in this difficult phase. In the spring of this year, the price of energy rose dramatically, marking an increase of 400% compared to spring 2020. The energy supply crisis is particularly heavy in Europe, where as a consequence of the Russian-Ukrainian conflict, a real ‘gas war’ has taken place, pitting Russia against the European Union. The initiatives taken by governments and by the European Union as a whole to diversify supplies and to calm prices are well known,” said Alessandro Malavolti, President of the Italian Manufacturers’ Federation (FederUnacoma).

He further explained that these interventions have begun to produce their effects (a 10% drop in prices since September and the prospect of further decreases in the coming months), but they are not sufficient to bring prices back to the levels of the last twenty years, and with permanent effects on the accounts of manufacturing companies, which contribute to an increase in production costs and thus to an increase in the list prices of mechanical equipment. Unfortunately, this is combined with an increase in production costs also in farms, which suffer from higher energy bills, but also from the increased burden of purchasing fertilisers and chemicals. Fertiliser prices have risen unpredictably since last spring due to the import blockade from Russia, which with 16 million tonnes of fertiliser was by far the largest supplier to the European Union. In June this year, chemicals recorded increases of between 100% and 150% compared to June 2020, the largest since 2000. Even if they fall in these months, the prices of chemicals (which include the whole range of specific agricultural treatment chemicals) are set to remain at significantly higher levels than pre-Covid. “In order to reduce the widening gap between industrial costs and the investment capacity of farms – said President Malavolti – public support, aimed at encouraging purchases, both at the national and European level, with a range of specific tools for agricultural mechanisation, is essential.

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