A record-breaking June heatwave has slashed an estimated €2 billion from the value of European grain production, hammering farmers across the continent and raising concerns about global food supply chains, according to new analysis published this week by the Energy…
France suffered the deepest losses at €891 million, with corn production forecast at a 26-year low of 9.5 million tons, according to growers' association AGPM.Ukragroconsult+1
The shortfall is expected to boost EU corn imports, with the USDA raising its import forecast sharply in July as Ukraine and Brazil fill the gap.S&P Global Energy+1