Olive oil prices may increase amid European drought

European farmers are warning that extreme heat, drought, and wildfires are damaging crops across the continent, leading to expected declines in food production and rising prices. Olive groves, salads, carrots, grapes, and cereals are among the affected crops, with some yields halved and prices for products like olive oil increasing again. While some countries are less affected, overall, the climate crisis is significantly impacting agriculture and raising costs in the food industry.

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