Food Prices up by More than a Tenth: Crops and Dairy Products Hit
6 Articles
6 Articles
According to forecasts by economists at Oxford Economics, food prices will increase by 11.8 percent this year and by another 4.8 percent in 2027. The prices of cereals, fruits and vegetables, and dairy products will increase the most.
This year's extreme heat and drought in Europe, which have severely reduced harvests, and high energy and fertilizer costs, will cause global food prices to rise. According to forecasts from Oxford Economics, food prices will increase by 11.8 percent this year and by a further 4.8 percent in 2027. Grains, fruits and vegetables, and dairy products will be hit the hardest.
New food prices are announced! This crude forecast belongs to experts and takes into account the effects on European agriculture of military conflicts and prolonged episodes of heat and drought. Article New food prices are coming! List of products for which we will pay more appears first in Romania TV.
Wars, drought and extreme heat are increasingly putting pressure on production
World food prices could rise strongly in the coming period, on the bottom of drought and heat that affects agricultural crops, but also the cost of energy and fertilizers. The greatest pressures are expected in cereals, fruit, vegetables and dairy, and the effects could reach the shops even this autumn.
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