The EU food trade suffered devastating blows in 2009’s first quarter but the recession’s impact on European food exports seems to be levelling off, a report from Brussels has claimed.
Go deeper with GlobalData
The latest MAP (Monitoring Agri-trade Policy) noted monthly trade data available for the first quarter of 2009 indicated “a year-on-year contraction of EU agri-food exports of 12% in value (EUR2.3BN)”.
This followed four years of export growth, with EU agri-food exports in January-March 2009 being 3% below the first quarter of 2007.
However, the year-on-year rate of decrease in exports stabilised in February at -15% and slowed down in March to -5%, “thus indicating that it may be bottoming out”.
Click here for the full report.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
