The EU foresees decreases in the production of beef and pork in 2020 and 2021

Published 2020년 10월 7일

Tridge summary

The European Commission's short-term perspective on food trade shows positive trends for the agri-food sector in 2020, despite the Covid-19 crisis, with growth in dairy and meat prices, milk collection, meat trade balance, and protein crop production. However, cereal and sugar markets have been negatively affected. Meat consumption forecasts show a decline in beef and pork, but an increase in poultry and sheep/goat meat. The report also discusses the impact of African swine fever in the pork market and notes the recovery in demand for meat with the reopening of restaurants and tourism.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

For the third edition of this year, the short-term perspective prepared by the European Commission for trade in European food products, faces the challenge of taking into account the consequences of the Covid-19 crisis, where many uncertainties remain. However, compared to other sectors, the impact of the crisis on the agri-food sector is expected to remain limited. The emerging patterns seem to mainly reinforce existing trends, such as an increase in demand for local food, short supply chains, and online food sales. In this context, the situation in 2020 remains relatively positive, with: the recovery of dairy and meat prices; growth of milk collection remains strong; the positive trade balance for meat is increasing; production of oilseed and protein crops is expected to increase; EU olive oil exports will reach a new record level. The notable exceptions are cereals (particularly wheat) and sugar, both of which have suffered from adverse weather or phytosanitary conditions. ...

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