Short-term outlook report: European farmers’ resilience continues to be challenged
In addition to input costs remaining above long-term average and some agricultural commodity prices declining, EU farmers have had to face diverse and difficult weather conditions in spring, leading to reduced yield projections and quality for several agricultural commodities. However, some early signs of improvements are arising at the horizon. For example, fertilisers have become more affordable following the drop in natural gas prices. While still above the general inflation rate, EU food inflation starts to stabilise.