Short-term outlookHaving declined considerably since mid-to-late 2012 following the US drought, grain prices are expected to find a base over Q413, with moderate increases expected.Consumer sentiment in Western Europe is improving, and the US continues to look resilient despite the ongoing fiscal impasse.Provenance is increasingly important, particularly in Western Europe, following the horsemeat scandal.Major Western European food retailers will focus on revitalising domestic businesses at the expense of international expansion.
展开▼
