REUTERS/Brad Brooks/File PhotoMarkets are quickly adjusting to the changes to normal consumer behaviour brought about by the spread of coronavirus. How they are affected, and the severity of the impact, will vary according to the markets they operate in and their specific product mix. A more serious situation is facing those processors who service the foodservice markets. For dairy processors supplying foodservice markets, this could well mean an increase in milk diverted to spot markets. In red meat markets, it is the balance of the “new” supply to the retail sector against any increased retail demand which will affect the evolution of prices for finished livestock.

Source: Irish Independent March 20, 2020 08:26 UTC