Europe Loses Harvest Due to Heat, Damage in Italy Exceeds 3 Billion Euros
Prolonged heat and lack of precipitation have led to a decline in crop yields across Europe. In France, corn harvests have dropped by 35%, while the total damage to Italy's agricultural sector is estimated to exceed 3 billion euros. Vegetable producers in France report significant reductions in yields: 25% for zucchini, 35% for lettuce, 40% for peas, 60% for broccoli, and between 50% to 100% for artichokes. The French Ministry of Agriculture forecasts that corn production in 2026 will be around 9 million tons, which is 35% less than in 2025. High temperatures have also affected egg production, which has decreased by 1 million eggs per day. Milk production has fallen by 10-15%, and hay production for winter feed is 30% below the average from 1989 to 2018. The French government has allocated 145 million euros to assist farmers. In Italy, 60% of agricultural land has been affected by drought, with yields of corn, rice, and vegetables declining, and milk production reduced by 20%. In Spain, grain harvests in Castile and León have dropped by 35%, in Madrid by 49%, and in Andalusia by 24%. Winemakers predict a 20% decrease in wine production in 2026.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Mirae Asset targets $109B digital asset business

SBI Invests 43 Billion Yen in Indonesia's Ajaib for Cryptocurrency Collaboration

U.S. Banking Regulators Exclude Reputation Risk, Reviving Debanking Discussions

$6.4 Billion in Bitcoin Options Expire Tomorrow—Here's What It Means

Stellar’s $3B RWA market faces a $2M DeFi gap

Why Ethereum Staking Will Change in 2026

Over 100 Companies Urge Strengthening of AI Cyber Defense

Mantle stablecoins and tokenized assets reach $880M

DefiLlama Ranks 128 Cryptos: Only One Receives AAA Rating

Villa Soldati: The CABA Neighborhood with the Highest Delinquency Rate

Mysterious $23 Million Bitcoin-Monero Swap: The Viral Video That Raises Questions

Bitcoin’s bottom signal is flashing, but six months of data shows a trap waiting for early buyers

Project that Turns Recycling into Income Wins UNICEF's Youth Challenge Blockchain

ATF Confirms Major Incident Following Qilin's Appearance on Its Leak Site

Encrypted Code Reveals $44 Million Transactions in a 'Cold Wallet' Linked to Cerimedo

Is the Jackson Hole central bank retreat now a crypto conference?

Stable Sea adds 2 WisdomTree funds for corporate cash

Nvidia Earnings Beat and Gold Price Outlook: How Jackson Hole Could Move NVDA and Gold

Votorantim Exchanges Nexa for $1.3 Billion Stake in Boliden

Youth May Have to Spend Up to 76% of Their Salary on Rent: Where Housing is Most Expensive

Coinbase Opens Real Estate to Millions of Bitcoin Holders

"Exit from Closed Systems". What Will Change in the CFA Market from September 1

The dollar takes a breather after the price fixing for bond payments linked to the exchange rate

Correlation Trading Pairs to Propel AMM into Larger Markets, Founder Explains

Banking Processing in the New Reality: Digital Ruble and Cryptocurrencies for Foreign Trade

QA and Intelligent Automation: Banks and Insurers Drive Demand in Brazil

Postquant Labs launches the first quantum cross-chain swaps

The SEC Sends Its Overhaul of Crypto Custody Rules to the White House Without Revealing the Content

8-12% Promised, 5-6% Received: Expert Discusses Real Estate Returns in Europe

