In Portugal, agricultural prices have shown varied trends in recent months. In the first quarter of 2024, agricultural prices decreased slightly overall, with a significant drop in the price of cereals, dairy, and vegetables. For example, the price of cereals fell by 28%, and milk prices dropped by 12%. On the other hand, the price of potatoes rose by 22%, while fresh fruit increased by 20%. However, the prices of agricultural inputs, such as fertilizers and animal feed, also saw declines in most European countries, though Portugal was one of the few to experience a slight increase of 2%THE PORTUGAL NEWSUKRAGROCONSULT.On the production side, Portugal’s agriculture has faced challenges, particularly due to drought conditions in regions like Alentejo and the Algarve. This has led to a reduction in available water for irrigation, which is expected to impact both output and pricesTHE PORTUGAL NEWS. Additionally, while Portugal is expected to remain part of the larger European agricultural market, scarcity in some products due to weather conditions may lead to price hikesUKRAGROCONSULT.These changes reflect both the effects of natural factors like drought and the broader trends in agricultural markets across Europe.
