Massive fuel price rise affects UK and US farmers

Farmers in the UK and US are experiencing a sharp increase in diesel prices due to rising crude oil costs driven by Middle East conflict and Russia’s extension of a diesel export ban. The surge has resulted in about a 10% rise in red diesel prices, impacting agricultural operations and cash flow decisions. This volatility is linked to global refining capacity issues and increased crude prices, with US diesel prices also reaching their highest levels in years.

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