EU food companies face closure as they buckle under strain of energy crisis
Euractiv
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Thursday, September 8, 2022
EU agri-food companies are struggling to maintain operations amid mounting energy prices, with some faced with pausing production, laying off staff or going out of business altogether, according to a joint statement issued by the EU’s major food sector associations. Squeezed between mounting prices for natural gas, fertilisers, electricity and packaging while facing one of the worst droughts in recent times, the EU agrifood sector’s production costs have soared over the past year.
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