European Commission says there are good prospects for production for various agricultural sectors

Many uncertainties remain about the impact of the new coronavirus crisis and its economic recovery. However, the sector should benefit from the reopening of food services. The agri-food chain proved to be resilient during the crisis. With blocking measures to be progressively lifted across Europe, demand, in particular for restaurants, bars and cafes, is expected to increase, although it will not return to 2019 levels in the short term, due to reduced household purchasing power. As a consequence, prices are also rising. As noted in the spring edition, the Covid-19 outbreak and measures taken by Member States created a demand shock, not a supply shock. This is reflected in the good production prospects for various sectors, as in the case of dairy products, sugar, pork, olive oil, wine and tomatoes. The outlook for exports remains generally positive. The latest outlook report for EU agricultural markets, published on 6 July by the European Commission, provides a more detailed ...