ESG Risk Monitor
November 26, 2023 - 4:17 am

Climate Change and Low Rainfall Negatively Impact Olive Production in EU Countries, Leading to Decreased Supply and Rising Prices

Vulnerable Groups
ESG Risks
  • Environment

Report: Climate change, with temperatures above seasonal norms and low rainfall, is having a negative impact on olives and other agricultural products. This is particularly evident in European countries neighboring the Mediterranean, where the dry and hot summer period is causing a decrease in olive and olive oil production. The European Union (EU) countries are responsible for approximately two-thirds of…

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