Why are potato prices so high? In Europe, predicting an increase in the price of potatoes due to the worst drought for the past 500 years. It is reported by Reuters, citing experts from the World Potato Markets.

According to them, drought conditions in Germany, France, the Netherlands and Belgium – the northwestern belt that accounts for most of the European Union’s potato production – could lead to a drop in EU production to its lowest ever recorded level, lower than in a similar drought year in 2018.

In France, for example, yields could be at least 20 percent below the 20-year average. Also, the EU crop monitoring service this week lowered its monthly potato yield forecast by 2.5%, although the revised forecast was in line with the average for the past five years.

Earlier, we reported that the energy crisis could entail billions of dollars in LNG investments.