Drought in southern Europe threatens to reduce cereal production in Italy and parts of Spain to its lowest level in at least 20 years, as well as other regional crops including olives and almonds. Spanish soft wheat imports are expected to rise more than 40% according to Agroinfomarket. Olive production is expected to fall in both Italy and Spain, the world's top producers of olive oil. Olive production in Italy was already plagued by insect and bacterial disease in recent years. Some see rising temperatures as a long-term trend that threatens the viability of farming in the region. For the full story see http://uk.reuters.com/article/uk-europe-farming-drought-idUKKBN19Z1Y4.