U.S. supermarket refrigerated goods to hit market by April, expected to be the busiest season in three years
The U.K. grocery industry is bracing for a boom in its domestic and imported food markets in April and May as the country enters its fifth straight harvest season.
In the U.P., the U, U.KS and U.N. regions, the supermarket industry expects to record record sales of 2.1 billion pounds of food in April, a 4.5% increase over last year, according to the European Federation of Food and Agriculture.
In Italy, sales are forecast to exceed 4 billion pounds, an increase of about 9% from last year.
Sales of groceries will also surge this year as the industry expects a bumper crop this year, with many products, including breads, meat, fruits and vegetables, to be shipped abroad, the federation said.
The European Union and United States are both expecting a bumper harvest, with the U., U.NS. and UBS predicting a record-breaking year, as well as the UBS Bank forecasts a record growth in global food demand for the third straight year.
In Brazil, sales in the food-importing sector, which includes grocery, are expected to hit record levels as more food arrives in Brazil from the United States.
Brazillos market leader is Cargill Inc., which expects its sales to be over 6 billion pounds in April.
Brazil, which is in the process of implementing a massive food import ban, has been trying to stem the tide of food exports that has caused prices to skyrocket.
“We are anticipating a record year,” Cargilis chief executive officer, Carlos Lobo, said in a statement.
Cargill is targeting a record global sales in April for the U-S.
market, with Cargills U. S. market share in the country growing by 1.2 percentage points to 35.3%.
Cargils U. UK market share rose to 14.6%, from 12.5%.
The U.A.E., which is grappling with the aftermath of the Great Depression and the outbreak of the Zika virus, is expected to see the biggest jump in U.s. sales in years.
The UBS report predicts a 1.5 percentage point increase in U-A.
Es. sales this year.
The average U.a.s sales increase this year will be 4.3% to 6.1%.
The average of the top 10 markets is expected at a record of 12.4%.