Heatwaves and Wildfires Hammer European Farmers' Crops

European farmers are struggling to cope with the devastating effects of successive heatwaves and droughts on their crops. The dry conditions have had a significant impact on production, affecting various products such as olive oil, grapes, vegetables, corn, and sunflower seeds.

In Spain, the 2025-26 season saw a 9% dip in olive oil production, with authorities estimating that reserves are sufficient to meet demand. However, this year's wildfires have raised concerns about further depressing production.

Greece has also been affected, with EU estimates suggesting a 6% drop in olive oil production for the 2025-26 season. The yield for the upcoming 2026-27 season remains uncertain due to factors such as water availability and potential diseases.

The recent wildfires on Crete have caused significant damage to olive groves and farmland, adding another layer of uncertainty for farmers in the region.