Agriculture: EU agri-food sector show resilience, according to the Commission short-term outlook

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Source: European Commission Spokesperson’s Service

Today, the Commission published the latest
short-term outlook report for EU agricultural markets. This regular publication presents a sector-by-sector overview of the latest tendencies and further prospects for agri-food markets. The
outbreak of the coronavirus brings about unprecedented challenges for the EU agri-food sector. The sector responds and adapts with efficiency to the new circumstances, supported by
measures taken by the European Commission. Due to the confinement measures implemented in the EU and across the world, food demand has rapidly changed since the beginning of the crisis.
Stockpiling behaviour as well as the closure of restaurants, bars and hotels is having a direct impact on agri-food producers. On the one hand, staple food such as pasta, rice, flour, canned fruit
and vegetables have been in higher demand, benefiting from the switch to home consumption. On the other hand, high-value products, such as quality meat cuts, wine and specialty cheeses – usually
consumed outside – are seeing a significant decrease in consumption. For full detail concerning specific markets, see the
news item and the
report available online.

Preliminary estimate of GDP II quarter 2024

In the second quarter of 2024the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) increased by 0.2per cent with respect to the previous quarter and by 0.9per cent over the same quarter of previous year. The second quarter of 2024 has had two days lesswith respect to the previous quarter and […]

Agriculture: EU agri-food sector show resilience, according to the Commission short-term outlook

Daily News 20 / 04 / 2020

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