Approved for milk and suspended for meat, that is what the European Commission foresaw for 2021

Published 2020년 10월 9일

Tridge summary

The European Commission has released a report predicting a decline in consumption and exports of agricultural products, affecting both dairy and meat producers. Despite an expected decrease in dairy production and exports, with a slight increase in yield per animal, prices for farmers are expected to remain stable. Dairy consumption is projected to drop by 0.4% with stable feeding costs, leading to a period of stability for dairy producers. However, meat producers, especially pork and beef, are expected to face challenges such as a decrease in demand and exports, with pork exports expected to fall by 1.1% and beef exports by 4% due to swine fever in Germany. The report forecasts a stable first half of 2021 for these trends, with potential impacts on the stability and prices in the agricultural sector.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Dairy producers will fare considerably better than meat producers for the next few months. In general lines, both consumption and exports within the EU will maintain a downward line and this will have negative consequences on the prices that farmers will receive. These are the main conclusions drawn from the report presented by the European Commission, which analyzes the short and medium term prospects for the main agricultural and livestock productions. Community forecasts suggest that dairy production will increase by 0.8% over the next year, mainly due to the 1.6% increase in yield per animal, as the herd will decrease by around 0.9%. With regard to exports of industrial dairy products, substantial cuts are forecast compared to this year. Brussels highlights that during the first semester of this year, powdered milk exports registered a 12% increase, thanks mainly to the 52% increase in sales on the African continent. This very favorable evolution differs from the one forecast ...

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