Portugal: Agricultural production is stable compared to 2020 and producer prices improved

Published 2021년 7월 8일

Tridge summary

Despite the economic impact of the COVID-19 pandemic, Portugal's agricultural sector has shown stability with a peak in production in April 2020 to meet demand. The National Institute of Statistics (INE) reported improvements in producer prices for some categories like plants and flowers. The productivity of autumn/winter cereals like wheat and oats saw an increase in March 2020, and despite a drop in planted area for potatoes, production remained similar to 2019 levels. The slaughtering of cattle and production of chicken and eggs showed fluctuations, with a decrease in some periods but overall stable performance. The producer price index for agricultural products experienced improvements in some categories, indicating resilience in the face of the pandemic. The end of the state of emergency in April 2021 marked a significant milestone in Portugal's economic recovery, highlighting the resilience of key sectors like agriculture amidst the challenges posed by the pandemic.

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Original content

Agricultural production remains stable, with a peak in April 2020 to meet demand, but producer prices improved in some categories, such as plants and flowers, according to data from the National Institute of Statistics (INE). The agricultural forecasts of March 31, 2020 pointed to a “widespread increase in the productivity of autumn/winter cereals”, namely, more 5% in wheat and oats and 10% in tricale, a level that remained relatively stable in the following month , as in May 2021, latest available data. With regard to potatoes, in March 2020, some producers were undecided about moving forward with this crop "in view of the possible decrease in demand" due to covid-19, however it was estimated that the planted area would be similar to that of 2019, that is, 21,000 hectares. However, weather and market conditions led to a 5% drop in the planted area in the following month. In May 2020, the estimate points to a maintenance of the planted area in relation to 2020. In turn, the total ...

Source: Agro Portugal