A new report from Rabobank expects foodservice sales to
remain down for the next 12 months.

Senior analyst of consumer foods Amit Sharma says it
could take until 2022 for restaurants to recover from COVID-19 shutdowns.

Foodservice sales during the peak of the pandemic were down
50 percent and analysts expect declines to remain in a 12-14 percent range in
the year ahead. The report also expects 15-20 percent of independent restaurants
to permanently close during that period.

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