#1 out of 6
world1d ago
What would oil above $100 mean for food prices in Europe?
- The Middle East crisis is pushing Brent crude prices above $100, heightening energy costs across Europe.
- FAO warns fertilizer prices could rise 15–20% in early 2026 if the crisis continues.
- Europe’s major refining hubs in Rotterdam and Antwerp heighten exposure to Gulf fuel disruptions.
- Germany, France, Italy and Spain face notable diesel and aviation demand exposure amid higher energy costs.
- European gas prices surging adds to fertiliser and transport costs across farming and food chains.
- FAO cautions that cutting fertiliser use could shrink future harvests and tighten grain supplies later in 2026.
- The Netherlands and Belgium are highlighted as highly exposed due to refinery clusters and logistics hubs.
- Experts warn energy and fertiliser costs will eventually affect consumer food prices across Europe.
- Biofuel demand could divert crops from food production, tightening global grain supplies.
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