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The Austrian Food Industry Still Suffers from Sales Decreases

Published: March 24, 2011; 01:01 · Updated: March 24; 01:01 · (Vindobona)

The domestic food industry is faced with declining sales for the second year in a row: 2010 registered a decrease of 4.5%.

The Austrian Food Industry Still Suffers from Sales Decreases / Picture: © Flickr

Already in 2009, sales of the industry fell by 7%. Last year they fell again by a further 4.5%. The Austrian food industry achieved in consequence sales for € 6.95bn. Rising commodity prices and intense competition in the food trade have contributed to these results. Sources from the industry say that the price war in trade is being waged at the expense of suppliers.

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This article includes a total of 184 words.

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