As Europe’s largest manufacturing sector, comprising over 300,000 companies of which 99% are SMEs, the food and drink industry plays a vital role in the European economy. Agricultural raw materials are essential components for the food processing industries and their costs can represent an important share (up to 80%) of the food and drink manufacturer’s operating costs.
CIAA has identified 3 key guiding principles for a CAP beyond 2013: security of supply, sustainability and market-orientation.