EU publishes agricultural outlook 2020-2030

The European agri-food sector has shown resilience through the shocks of 2020, but the recovery from the COVID-19 pandemic will likely have long-term impacts.
calendar icon 24 December 2020
clock icon 5 minute read

In 2020, the agricultural sector faced unprecedented challenges due to the COVID-19 crisis and its consequences. From logistical issues, a shortage of workforce, to radical changes in demand, the sector showed its resilience by adapting to the different challenges, with the support of the European Commission and EU Member States. The crisis has also led to the reinforcement of some pre-existing trends, with an increase in demand for locally produced food, short supply chains and e-commerce sales. Furthermore, the report found that health concerns, origin, environment and climate change are among the key drivers of consumer choices.

For this edition, the EU agricultural outlook report provides different scenarios for the COVID-19 recovery, including a slow recovery and a green recovery. For both scenarios, the supply and demand shocks lead to lower meat and grain prices, while butter, cheese and poultry prices are less affected. In general, the market impacts are mostly driven by the macroeconomic shock, in particular the GDP contraction in 2020.

In 2020, the agricultural sector faced unprecedented challenges due to the COVID-19 crisis and its consequences. From logistical issues, a shortage of workforce, to radical changes in demand, the sector showed its resilience by adapting to the different challenges, with the support of the European Commission and EU Member States. The crisis has also led to the reinforcement of some pre-existing trends, with an increase in demand for locally produced food, short supply chains and e-commerce sales. Furthermore, the report found that health concerns, origin, environment and climate change are among the key drivers of consumer choices.

For this edition, the EU agricultural outlook report provides different scenarios for the COVID-19 recovery, including a slow recovery and a green recovery. For both scenarios, the supply and demand shocks lead to lower meat and grain prices, while butter, cheese and poultry prices are less affected. In general, the market impacts are mostly driven by the macroeconomic shock, in particular the GDP contraction in 2020.

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