Forecast on EU agricultural and food market in 2025

Published Oct 25, 2024

Tridge summary

The European Commission Report forecasts a stabilization and slight growth in the EU agri-food market, with a slight decrease in food inflation and relatively stable food prices. However, the outlook is uncertain due to potential weather events, geopolitical conflicts, and animal and plant diseases. The report also anticipates a decrease in beef and pork production in the EU in the coming years, while poultry production and exports are expected to grow. The fertilizer market is showing signs of recovery, but high prices remain a concern for farmers. The beef market is experiencing increased exports and decreased imports, while pork imports are expected to decrease due to high feed prices and a predicted decline in Brazilian production.

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

Original content

The macroeconomic environment and food prices in general suggest that there may be improvements in demand for agri-food products in most sectors. However, the outlook remains subject to a degree of uncertainty, linked to weather events, geopolitical conflicts and animal and plant diseases. According to the European Commission Report, the short-term forecast for the EU agri-food market is showing signs of stabilisation. Food inflation has eased and food prices have remained relatively stable in recent months for most products, although they are on average 32% higher than in 2020. Increased demand for agri-food products is likely to be supported by the expected growth in EU GDP and stable moderate inflation. The EU fertiliser market is also stabilising, with imports and exports returning to normal and domestic production showing signs of recovery. However, high fertiliser prices remain a concern for farmers, mainly due to falling agricultural commodity prices. Lower crop yields in ...

Source: Vinanet