Price of olive oil expected to rise again as European crops feel the heat

INTELLIGENCE SUMMARY

Farmers warn impact of high temperatures, drought and wildfires on range of foodstuffs means costs will increase Farmers across Europe are warning of a slump in food production and rising prices as crops from maize to salads suffer as a result of extreme heat, drought and wildfires. Olive groves have also been hit as the climate crisis drives temperatures across the continent to fresh record highs, meaning the cost of olive oil – already at elevated levels – is expected to start rising again. C