Agrifood: Low commodity prices hurt agriculture while food industry's profits barely increase

  • Agricultural commodities to plateau at best in 2016 after a strong decline of -15% in 2015
  • Ongoing fierce price competition challenging firms' profitability with operating profit increasing by only +1.5% in 2015
  • Series of deregulation policies to support trade: Production quotas lifted by EU; export tax eliminated in Argentina; Brazil and Canada meat exporters gained access to markets