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Mediterranean Deluge Fuels Food Price Surge Fears

Financial Times Companies •
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Heavy rains have severely damaged winter crops across Spain, Portugal and Morocco, raising alarms about potential food price spikes in Europe. Spain and Portugal are key suppliers of winter vegetables like tomatoes and onions, while Morocco is a major producer of citrus fruits. The deluge has flooded fields, washed away seedlings, and disrupted supply chains, directly threatening the region's role as Europe's 'winter pantry'. This agricultural catastrophe occurs as global food prices remain elevated from previous climate shocks, amplifying concerns about inflationary pressures on staples. Food prices could rise sharply as these critical supply sources face reduced output.