The Context
Latin America now accounts for 15 percent of global food-trade growth, up from 8 percent in 2019. European platforms are repositioning to capture distribution deals before Chinese competitors lock in supply chains across the region’s ag-export corridor.
The Takeaway
Watch for Latin American ag suppliers to command premium pricing power as European buyers compete for shelf presence. U.S. importers with existing LATAM partnerships should expect margin pressure inside eighteen months if they haven’t locked multi-year contracts.
Source: Prnewswire