Rising olive oil prices, to meet the additional demand caused by the drop in seed oil supplies from Ukraine. And the short-term forecast on European agricultural markets, according to a note released by the European Commission to the member states.
According to the EU executive - as reported by theHandle who released the forecasts – the EU food supply will be stable for this year, as well as the supply of fertilizers.
Instead, they should raise the prices. As mentioned, those of olive oil will be high, but those recognized to farmers for products of animal origin, in particular dairy products, beef and poultry, will also grow. A strong increase is also expected for pork prices.
Estimates on grain and oilseed yields are good. However, the loss of the markets in Russia, Ukraine and Belarus could have serious consequences for fruit and vegetables. The loss of the Russian market will probably have negative consequences for the wine market.
