1. Climate action coalitions worldwide address climate change by reducing emissions, promoting nature-based solutions, expanding sustainable energy, and investing in resilient agriculture. Cities, states, and corporations are working on the Paris Agreement, a global community approach to ensure collective security, health, and prosperity. Global initiatives are needed to raise awareness about climate change and offer solutions and much-needed funding for the transition to new Ag solutions.
2. Weather forecasts point to a transition to an El Niño state in the second half of 2023. Rainfall patterns during El Niño events tend to be the reverse of La Niña. For example, in East Africa and Near East Asian countries, there is a tendency for wetter conditions. Conversely, drier conditions are generally observed in West Africa, Southern Africa, India, South East Asia, Australia, northern areas of South America, and Central America. Although fruits and vegetables are more resistant to adverse weather than grains, these impacts still affect the volume and value of affected agricultural commodities, consequently disrupting global supply chains.
3. The Russian-Ukrainian war and COVID-19 interrupted global supply in 2022, which led to grain and edible oil prices reaching record highs. Now, dry weather in Asia poses a threat to food output. The global grain market is historically tight and thus susceptible to sudden upward price movements on adverse supply-side developments. Conversely, fruit and vegetable production globally is at a crossroads. Climate change is affecting traditional suppliers, influencing growers' profit margins and forcing them to more radical changes, shifting to other F&V varieties or even grain and cereal production.
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