CAP REFORMS MAY CASE FOOD INDUSTRY TO SUFFER FROM RISING FARM COSTS AND DECLINING SUPPLY
October 2nd, 2021
Food manufacturers across the European Union (EU) may pay more for their ingredients because of new EU rules requiring farmers to undertake additional work to get the same subsidies, while the cost of fuel and fertiliser is also rising.
“I think you will see that the industry will, at least initially, eat some of the price increases,” predicted Gunnar Kvistgaard, director of Denmark-based 1A Food Consulting. In the long run, some consumer prices, such as meat and dairy, will rise, Kvistgaard said, but added: “I don’t think you will see a picture of ...
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