The short-term outlook is based on market intelligence available until mid-June 2020 and reflects the COVID-19 impact to the extent possible, with all the usual caveats and limitations due the rapidly evolving situation. Market forecasts are presented for EU-27 and assume a frictionless trade between the EU and the UK in 2020 and 2021.
The COVID-19 outbreak and the related economic impacts remain the overarching market driver. According to the report, the food chain proved particularly resilient in the EU. Producers and processors were able to deliver food, and supermarkets and food shops remained open during the entirety of the confinement period.
With confinement measures progressively lifted all over the EU and the start of the summer holiday period, demand specifically for foodservice is expected to return to normal levels.
Meat
In 2020, EU meat production is expected to decrease for all meats but pigmeat (+0.5%) : beef -1.7%, poultry -2.0%, sheep and goat -1.5%. A fall in slaughtering in Q2 is forecast as foodservice closed, while production was constrained and logistics challenged. A broad recovery is expected in the second half of the year.
The ASF outbreak still poses a risk for pigmeat in addition to the uncertainties
related to Covid-19 for all meat sectors. After a decline driven by a fall in foodservice demand, prices for all meats have started to pick up when consumer demand (for certain cuts) recovered following the easing of Covid-19 lockdown measures.
Trade with the UK declined at the beginning of 2020 compared to the same period in 2019, generally more than with other partners. This decline strongly affects the figures on total EU trade.
EU meat exports are due to increase in 2020, with the exception of poultry. The increase will be particularly strong for pigmeat due to the accelerating import
demand from China which will remain the leading destination for EU pigmeat by far. EU meat imports are likely to fall, as animal and meat availabilities decrease.
Annual meat consumption could decline to 65.4 kg per capita in 2020 (-2.5%), due to a reduction in consumer demand during lockdowns, and subdued domestic availability not compensated by imports.
The Link LonkJuly 27, 2020 at 08:44AM
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EU pork production up in 2020 - The Pig Site
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Pork
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