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The Czech Republic’s food and drink trade deficit is forecast to grow at an annual food, drink, tobacco. Links of London estimateforecast. Source Czech Statistical Office, Czech National Bank, average rate of . to . Although the deficit is expected to continue growing, in absolute terms it remains quite low relative to much of emerging Europe, which to some extent is likely owing to the strength of the domestic food processing industry. Food Key Company And Industry Trends Some Companies Deleveraging In April , French cheese company Fromageries Bel put its Czech subisidary Jaromericka up for sale after Links of London k Charm failed to reach sales targets. The anticipated divestment followed the widespread effects of the economic crisis across emerging Europe, which had a marked impact on demand patterns for cheese, which Bel said left it with too much capacity in the region. Companies Pursuing Regional Growth In June , Hamé, the Czech arm of Icelandic food manufacturer Nordic Partners, increased its presence in Hungary by acquiring the canned meat business of Globus, a fairly prominent domestic player with a group turnover of EURmn in FY its canned meat business accounted for around of its turnover. Already present in Links of London Karabiner Bangle market through its domestic subsidiary Hamé Hungaria, the acquisition is a promising expansion move that is expected to at least double Hamé’s share of the Hungarian canned meat industry. Although the acquisition is a promising undertaking, believes further investment will be necessary if Hamé is to close the gap on the Hungarian markets leaders. Led by domestic company Pick Szeged, Hungary is among the most competitive canned meat markets in CEE. Market Overview Food Production The Czech Republic has a highly developed food market, one of the most mature in the region. The Links of London Key Charm and dairy sectors lead the processing industry, followed by edible oils, fruits and vegetables, with the foodprocessing industry accounting for more than of the country’s industrial output. The meatand poultry processing sector, along with dairy production and the canning industry, is largely presided over by domestic companies, while multinationals dominate the confectionery and vegetable oil sectors.