Italy May Have Lost Third of Corn Crop on Heat, Drought

Italy may have lost a third of its corn crop, the European Union’s third-biggest, and half of its soybean harvest because of drought and record heat, farm-industry organization Confagricoltura wrote.

Crop losses in the the region of Polesine in the Po River delta may be 150 million euros ($185 million), including 75 million euros of losses for corn alone, the Rome-based group wrote in an e-mailed statement today.