The agri-food sector in the EU faces rising commodity prices
Published Oct 12, 2021
Tridge summary
The agri-food sector of the European Union is facing a rise in the prices of basic products, mainly due to the recovery of the economies of its countries and of the United States and China. Rising energy and transportation prices and the consequences of the spread of the Covid-19 Delta variant, particularly in Asia, are having a disruptive impact on supply chains around the world.
Original content
The agri-food sector of the European Union is facing the rise in the prices of basic products, mainly due to the recovery of the economies of its countries and of the United States and China. Rising energy and transportation prices and the consequences of the spread of the Covid-19 Delta variant, particularly in Asia, are having a disruptive impact on supply chains around the world. In this context of tensions, the autumn 2021 edition of the short-term outlook report, published on 8 October 2021 by the European Commission, presents a detailed overview of the latest trends and future prospects for each of the agri-food sectors covered. EU cereal production is on the rise, with a forecast of 294.8 million tonnes for 2021/22, an increase of 5% over last year. This growth is mainly supported by the recovery of wheat production, estimated at 131 million tons, 11.9% more than last year. With high prices and favorable conditions for pasture in the EU, the use of cereals for feed is ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.