A huge slump in yields will lead to higher grocery bills for consumers, economists have warned

Agricultural producers across the EU have warned of sharp drops in yields after Europe has been hit by successive heatwaves this summer. Economists have said the losses are likely to push food prices higher in the coming months.

June and July were the hottest on record in western Europe, according to the EU's Copernicus Climate Change Service, which has warned of a "continued risk of heatwaves affecting much of Europe" through August and into September.

In France, one of the EU's largest grain producers, groundwater reserves were severely depleted across much of the country by early August, according to the national geological survey.

Prince de Bretagne, a major growers' cooperative in Brittany, warned last week of a "historic" vegetable crisis. It projected yield declines of 40% for peas, 60% for broccoli, and between 50% and 100% for artichokes this summer.

Eric Legras, president of Unilet, France's leading association of canned and frozen vegetable producers, said severe heat had also hit northern and southwestern France, describing the crisis as "exceptional."

Livestock farmers have meanwhile warned of a growing "forage production deficit" ahead of winter. France's National Committee for the Promotion of Eggs has estimated that heatwaves have cut daily output by around one million eggs, while poultry farms have reported high mortality rates.

In northern Italy, home to one of Europe's main rice-growing regions, water shortages have left some paddies "completely dead, burnt, with the rice dried out," according to Coldiretti, the country's largest farmers' association.

Farmers in Spain have likewise reported considerable shortfalls in cereal yields, as well as cattle fodder deficits.

The German Farmers' Association on Tuesday warned that grain production would be 7%, or 3.3 million tons, lower than last year. The worst-hit regions in the south of the country could potentially suffer total crop failures.

In neighboring Poland, business outlet Puls Biznesu predicted last month that persistent drought could force the country to become more reliant on food imports.

Analysts at Zurich Insurance Group and several European banks have estimated that the heatwaves could cost the EU between €50 billion and €180 billion.

(RT.com)