It is becoming increasingly clear that in the H2’20 there will be a significant shortage of agricultural products on the world market due to broken supply chains. Prices are expected to rise in the summer or autumn, but also shortfalls are expected.
The debate on the sustainability of the meat sector in the EU is heating up, and the role of alternative proteins is mentioned in political circles. Recent research conducted by the UN warns that climate change could affect the livestock sector, with damages estimated at billions of the USD.
On the one hand, the Russian embargo was supposed to be a “punishment” for Western exporters for the sanctions imposed on Russia. On the other hand, it was supposed to serve as a tool to support domestic production. However, in the end Russia failed in both areas.
In 30 years, there will be 10 billion people on the Earth. This requires a massive increase in food supply, something that traditional meat production can no longer afford. So, the world is considering alternative solutions more seriously.
Despite individual European Union member states reinstalling border checks, both food industry and state representatives reassure EU citizens that the highly-internationalized European food supply is secure and stable.
According to the Federal Customs Service of the Russian Federation, wheat exports from Russia in 2018 amounted to 40 million tons, which is a new world record for exports., and almost two times more than a year earlier.
French poultry group LDC and Ukrainian group MHP were in a battle to take over the Slovenian company Perutnina Ptuj, one of the leading Slovenian poultry producers. Finally, Ukrainians were the winners.