Develop Synonym Operation EU: It will cost more to make the most of the global egg market than ever before

EU: It will cost more to make the most of the global egg market than ever before

The EU has said that, in the next 20 years, the number of eggs produced by its Member States will have doubled, to 1.2 billion, making the EU one of the world’s biggest egg producers.EU agriculture minister Federica Mogherini has said there is “no doubt” that EU countries will be able to produce enough eggs in the future to meet EU demands for new food.

In a speech on Tuesday (local time), Mogherinis said that in 2023, the EU would produce an average of more than 1.5 million eggs a year, of which it would produce just under 200,000 eggs a day.

She said that the EU was also working to increase the number and quality of its eggs.

The EU’s Egg Supply Agency said in a statement on Tuesday that it would be able “to produce more eggs with the same volume of fertiliser than ever”, as well as “better” quality eggs.

It also said it would boost the number, quality and quantity of eggs imported from the EU by more than 20 percent.

Mogherini said that EU member states had invested €200bn ($275bn) to date in their own egg production.

“But we will have more than enough eggs for everyone,” she said.

The first EU-wide supply of eggs was introduced in 2004 and since then, the Commission has pledged to increase production to around one billion eggs a week by 2023.

Magherini told a news conference that the next 10 years would be crucial for the EU’s egg supply.

“This is the crucial decade, it is the time when we need to put in place new policies to improve the quality and sustainability of our egg production,” she added.EU countries are expected to contribute at least €10bn to the EU budget for food and farming, the most in the world.

But the Commission wants to reduce the contribution from its Member State and member states, which currently account for nearly half the EU total.

“The Member States need to contribute more and more, and also, as we will see in the years ahead, they need to share their contribution in the most efficient way possible,” Mogherinsaid.EU eggs and egg products already account for around 40 percent of EU output.

The UK, Italy, Germany and France are among the EU countries that have already started laying the foundation for a more competitive global egg sector.

Last week, the European Commission announced a €1bn investment fund for new technologies to boost EU egg production, and to help Member States to make egg production more efficient and market-ready.