Major supermarkets face potential shortages and price hikes due to extreme weather affecting global food production.
Tesco, Asda, Sainsbury's, Lidl, and Aldi could face shortages and price hikes due to extreme weather impacting food production globally. Record rainfall and droughts have led to market collapse and increased reliance on imports, with potential food inflation and higher supermarket prices as a result. UK farmers have been unable to plant crops such as potatoes, wheat, and vegetables during the key spring season, while wet conditions in Europe and drought in Morocco may further limit food imports.
April 15, 2024
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