EU: Experts warn that the price of fries could double

Published 2022년 8월 30일

Tridge summary

Europe is experiencing its most scorching summer in recent years, leading to the smallest potato crop in several years, with the European Union's potato production expected to reach its lowest level since 2018 due to drought in Germany, France, the Netherlands, and Belgium. This situation is causing concern over further price hikes for foods like French fries, with experts predicting that the cost could double by 2024. International food companies like McDonald's have already increased prices in response to rising raw material costs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The scorching summer in Europe is predicted to result in the smallest potato crop in years, threatening further price hikes for popular foods such as French fries. Drought in Germany, France, the Netherlands and Belgium - the northwestern belt that accounts for the bulk of potato production in the European Union - could see EU production reach its lowest level, below the level also drought stricken 2018. European potato growers are warning that harvest estimates are preliminary before the main crop starts in September, and that rain showers and recent cooler temperatures could provide late relief. But there is little hope on some farms. International food companies such as McDonald's have also raised their prices this year in response to rising raw material costs. Cost of fries will doubleExperts warn that the cost of fries will double and the price will not fall until at least 2024. Two experts have expressed their views on the ongoing "potato crisis" and ...
Source: AGF

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