Much of Europe – almost two-thirds of the region – is facing its worst drought in 500 years and could get worse in the future. This was stated by scientists in the report of the joint research center of the European Commission.

The situation is especially difficult in countries such as Italy, Spain, Portugal, France, Germany, the Netherlands, Belgium, Luxembourg, Romania, Hungary, Serbia, Moldova, Ireland and the United Kingdom. This is a total of 47% of the continent, and the soil has completely dried up this summer..

Compared to the averages for the previous five years, EU forecasts for this year's grain corn crop will be 16% lower, soybeans - 15%, sunflower - 12% lower.

It is noted that Ukraine also faced the problem of drought, although the situation is not as critical as in other European countries..

Accordingly, regions that are less prone to drought become more interesting for the development of agricultural business in the future..

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Earlier, the UN reminded about the second part of the package grain deal - Russian grain. The second part of the package grain deal includes unhindered access to the world markets of Russian food and fertilizer products, which are not subject to sanctions.