Why the world markets faced a shortage of vegetables

Published 2023년 3월 10일

Tridge summary

The article highlights the severe agricultural crisis of 2022 that led to market disruptions, particularly in Europe, where vegetables saw a significant price surge of 10.7% and is anticipated to rise further in 2023. The increase in produce prices is attributed to high energy costs, adverse weather conditions, and logistical issues. The war in Ukraine has further escalated the situation by increasing the cost of essential resources, prompting farmers to assess the profitability of different crops. The shortage of agricultural labor, especially in Germany, and crop losses in southern Europe due to cold weather compound the problem. The European Commission estimates that trade restrictions against Russia due to the ongoing conflict have resulted in a nearly €13 billion deficit. The crisis has forced limitations on vegetable purchases in Britain and caused extreme shortages and price hikes in the Philippines. The future outlook remains challenging for farmers due to the ongoing conflict in Ukraine.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The agricultural crisis in 2022 affected many world markets. High inflation, reduced crops and cold weather have affected the price and availability of fruits and vegetables, particularly in Europe. So, in Germany last year, vegetables grew by 10.7%, experts predict further price growth for end consumers in 2023, writes Key News Deutschland. Cucumbers (+26.2%) and tomatoes (+16.9%) traveled the most in 2022. Fruits increased in price by 3%. In 2023, the growth trend remains. Now a bunch of iceberg lettuce costs almost 2 euros, and cucumbers - 3.29 euros per kilogram. At such prices, a bowl of spring salad for a family will cost at least 10 euros. Great Britain has reduced imports of Russian goods to a record low since 1997 Among the reasons for the price increase are expensive energy carriers. Farmers were forced to cut crops and sow greenhouse crops a month later to save on heating in the winter. Thus, early fruits will arrive on the market later this year. "Since the beginning ...

Source: Ubr