Heat & Drought Costs: A record-breaking European heatwave and drought is expected to cut grain output by 16 million tonnes, with losses put at about $3.6bn, while higher diesel and fertiliser prices add pressure on farms. Global Food Prices: The UN FAO says world food prices climbed to the highest in nearly four years, lifting sugar, cereals, meat and dairy—linked to hot weather, logistics disruptions, and El Niño risks. Diesel Supply Clash: The US is pressuring Europe to release strategic diesel reserves, warning of possible export restrictions; EU and UK talks are underway as diesel hits record levels and farmers face higher operating costs. Energy Security Spillover: Ukraine struck Russia’s Samara oil hub, with fires reported at a major Transneft tank farm—raising concerns for wider fuel and industrial supply chains. Biomethane Push (Ireland): Ireland opened a €32m biomethane grid injection facility in Mitchelstown, aiming to scale farm-and-food-waste renewable gas into the national network. Market Access (EU-linked): Bihar’s makhana export drive reached Greece with a 1 MT shipment, highlighting value gains from export-oriented supply chains. Livestock & Feed Stress: EU sheepmeat supplies are tightening amid persistent challenges, adding to broader pressure on protein and feed availability.