The increase in costs in the Austrian food industry is becoming increasingly worrying

Published 2021년 12월 1일

Tridge summary

Austria's food production is being negatively impacted by harvest declines, market trends, and extreme weather conditions leading to crop losses. The cost of agricultural raw materials, packaging, logistics, and energy are rising, causing price increases in various food products and packaging. The situation is expected to improve by summer 2022 at the earliest. Additionally, the cost of nitrogen fertilizers has tripled, and other costs are also burdening the balance sheets of agricultural and forestry companies. Austria's Agriculture Minister has stressed the importance of food self-sufficiency and fair prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Harvest declines and current negative market trends are also hampering food production in Austria. Katharina Koßdorff, executive director of the Food Industry Association, talks about the “historical avalanche” that currently prevails among farmers. The rise in the cost of agricultural raw materials, packaging and logistics has continued in recent months, Koßdorff complains. The negative effects of the harvest and the huge disruptions in global logistics chains affect prices at all levels, “and virtually simultaneously”. In addition, the costs of energy, such as electricity, gas and fuels, are rising. "Companies cannot switch to another supplier, a logistics service provider, they cannot order agricultural goods and raw materials in the required quality and quantity either domestically or from the world market," says Koßdorff. Extreme weather conditions led to large-scale crop losses of blackberries, raspberries, blueberries and apricots. When they were even available in the ...
Source: AgroForum

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