A Miller's Tale: European Flour Milling Industry

While European flour millers have historically had differing strategic outlooks based on local or regional factors, the future will be driven by how they manage the myriad new challenges ahead of them. The fragmentation of the market in terms of both participants and regions, combined with increased international competition, will eventually lead to a tipping point, and we believe, consolidation. That said, for those who are willing and able to adapt, the long-term outlook is substantially better. It is unlikely that bread will lose its staple food status, and long term, there will be many more mouths to feed.

photo of wheat harvest