“It's less catastrophic than expected, but there will be deficits in peas, corn or extra fine beans.”
For Guillaume Debrosse, CEO of Bonduelle, the end of the scorching and dry summer seems more reassuring than expected.
The canned and frozen vegetable sector (Unilet) was alarmed at the beginning of September by the drop in average yields of vegetables in the open field of up to 50%.
The French giant (2.2 billion euros in turnover) hopes for smaller deficits, even on corn, thanks to more irrigated production than among its competitors.
"We will have few extra-fine beans, but more fine ones",
quotes the leader on the sidelines of the presentation of the group's annual results.
However, the impact of the summer drought, which caused European market garden yields to fall by around 15%, will not be painless on the availability of its products.
Especially since, according to Bonduelle management, the current devaluation of the euro against the dollar
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