Europe's June Heatwave Causes €2bn Loss in Grain Revenue, Raising Food Price Concerns
A severe heatwave in June has resulted in significant agricultural losses across Europe, with grain farmers facing an estimated €2bn in lost revenue. The heatwave destroyed approximately 9 million tonnes of crops, including wheat, barley, maize, and oats. This reduction in crop yield is expected to lead to the smallest harvest since 2018 for the EU and the UK. The Energy and Climate Intelligence Unit (ECIU) has highlighted the impact on European food security, as the continent may become more reliant on grain imports, potentially driving up global commodity prices.