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Worldwide News 2020.07.10.

Agri-food trade strong and stable in the first months of 2020

Despite the challenges of the COVID-19 outbreak in the opening months of 2020, the EU’s agri-food trade remained strong. The value of agri-food exports from the EU totaled €46.8 billion between January and March (a jump of 6.2% compared to the first quarter of 2019), while the value of imports rose to €31.8 billion (an increase of 2.6%). The trade surplus of €14.9 billion represented a 15% growth from the previous year, as set out in the monthly trade report for January-March 2020, published today by the European Commission.

Worldwide News 2020.07.10.

Short-term outlook: Good production prospects for many agricultural sectors, overall sector should benefit from reopening of foodservice

Many uncertainties remain around the scale of the impact of the coronavirus crisis and the economic recovery. Nonetheless the food supply chain has proven resilient throughout the crisis. With lockdown measures being progressively lifted all over Europe, demand in particular for restaurants, bars and cafés should pick up, although not back to 2019 levels in the short run due to reduced households’ purchasing power. Prices are also picking up as a consequence.

Worldwide News 2020.07.10.

Coronavirus: Commission adopts new exceptional support measures for the wine sector

The Commission adopted today an additional package of exceptional measures to support the wine sector, following the coronavirus crisis and its consequences on the sector. The wine sector is among the hardest hit agri-food sectors, due to rapid changes in demand and the closure of restaurants and bars across the EU, which was not compensated by home consumption.

Worldwide News 2020.07.10.

Forestry: a crisis-free sector

Forests are precious and must be organized so that their growth is sustainable. This is because wood never experiences a fall-off in demand, quite the opposite. There are numerous “actors” engaged in making it a successful sector, including tires, an extremely powerful instrument.

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