Lamb Weston flags price risks from heat-impacted potato crop

Lamb Weston's CFO, James Gray, has indicated that ongoing heatwaves in Europe are negatively impacting potato crops, potentially leading to price increases for the French fries maker. While the company is currently covered for its European potato supply, shortages could intensify cost inflation, particularly with additional pressures from the Middle East conflict. Gray noted a tightening of the crop and expected lower yields, which may necessitate future price adjustments to cover rising input costs.