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The strong growth in production risks being held back by shortages of raw materials, as well as rising logistics costs. Due to the Chinese supply blockade, the cost of ferrous materials and silicon for the electronics industry has risen beyond all expectations. Current stocks can cover orders until the middle of next year, but uncertainties and concerns remain for the rest of the year

Between January and August, sales grew in all the main markets. In Italy, tractor registrations were up 45% compared to 2020, driven by the digitalisation of the primary market. Raw material trends weigh on future trends

Demand for agricultural technology is growing, but supplies of raw materials are scarce. Ferrous materials and plastics are hard to come by and showed record increases in March, to the detriment of agricultural machinery, which uses large quantities of these materials. In the manufacture of a tractor, the ferrous component accounts for 75% of the total