EU short-term forecasts: Food production grows, excluding peaches, beef, and poultry

Published Jul 6, 2021

Tridge summary

The European Commission's summer forecast report indicates a positive outlook for the EU food industry, with a recovery in tourism and food consumption due to the COVID-19 vaccination campaign and the easing of restrictions. However, the impact of the Delta variant is still uncertain. The prices of main arable crops have fluctuated due to high demand and production uncertainties. The EU's cereal, oilseeds, and protein crops production is expected to increase, along with sugar beet and olive oil production, while wine production and tomato growth vary. Milk production is set to recover, and cheese and butter production will increase slightly. Beef production is predicted to decrease, while pork production is expected to grow, and poultry production may decline due to bird flu and high feed prices. The reopening of food services is expected to impact consumption trends.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

With significant progress in the EU-wide vaccination campaign against COVID-19, food services are reopening and travel restrictions are being phased out. This should have a positive impact on tourism this summer and on food consumption in the EU as a whole. However, uncertainty remains due to the Delta variant of the Covid-19 virus and the ability to control it. The summer edition of the short-term forecast report, published on 6 July 2021 by the European Commission, provides a detailed overview of the latest trends and future prospects for each sector of the food industry. The prices of the main arable crops underwent significant changes in the spring due to the high demand from China and the United States and the uncertainty about the levels of world production. In 2021/22, EU cereal production is expected to reach 288.7 million tonnes, an increase of 3% compared to last year, thanks to an increase in soft and durum wheat and maize. Similarly, the production of oilseeds and ...

Source: Agroplovdiv