AGP Executive Report
Last update: 4 hours agoDairy Under Climate Pressure: Heat-related milk losses across Europe could rise from about 4.5 million tonnes today to 12.5 million tonnes a year by 2050, Rabobank estimates, putting yields and the competitiveness of major dairy regions at risk. Food Business: French ingredients group Lesaffre is using its global production network to help Chinese food brands expand overseas, while learning from their approach to local tastes and fast-changing demand. Retail and Supply Chains: Cyberattacks targeting supermarket refrigeration systems have raised fresh concerns about food spoilage and the security of cold storage across Europe. Prices and Contracts: Global food prices fell 1.2% in October, led by cheaper cereals, dairy and meat. PepsiCo, meanwhile, renewed its KFC drinks contracts in the UK, Spain, Germany, France, the Netherlands and Belgium, despite losing the chain’s US business to Coca-Cola. Farm Biosecurity: Bird flu was detected in a wild goose in Germany’s Brandenburg region, prompting authorities to urge poultry farmers to follow strict biosecurity measures.
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