According to Italy's Coldiretti, the largest agricultural body in Europe, the nation's output of olive oil, durum pasta and wine are due to fall as a result of poor weather.
The estimated fallout is €2.5 billion.
The amount of olive oil produced is to drop by about 25 per cent, the viticultural shrinkage will be 15 per cent, the figure stands at 4 per cent for durum pasta, and the output of fruit and vegetables will also fall.
Coldiretti told the Italian media that "the shortage could be the worst since 1950". The body also opined that Italy's economy is too dependent on the exportation of pasta.
© 2014 European Supermarket Magazine – your source for the latest retail news. Article written by Peter Donnelly.