Natural disasters hit crops, prices are close to a record for 10 years in Ukraine

Published 2021년 8월 2일

Tridge summary

Severe weather conditions, including frosts in Brazil, floods in China, and heat in North America, are causing significant damage to crops, leading to a risk of increased food prices already near record highs. The situation is expected to have long-term effects on harvests, with coffee prices surging by 17% to $2.20 per pound, the highest since 2014. The UN food price index, which measures international food prices, saw a decline after a rise of 34% from the previous year. The situation is further complicated by hundreds of forest fires on the US-Canada border, caused by heat and drought, and by a study predicting a 35% increase in droughts in the next 30 years, which could affect 44% of the EU's imported agricultural products by 2050.

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Original content

Global climate cataclysms are destroying crops. This threatens to increase food prices, which are close to the maximum for decades, according to Bloomberg. Crops, food stocks and prices were negatively affected by severe frosts in Brazil, floods in China and heat in North America. Rains in Europe also caused the danger of fungal diseases in cereals and stopped harvesting. Brazil: The largest coffee-producing country, Brazil, has experienced the worst frosts in 20 years. It hit the young coffee trees. The country is also experiencing severe drought and depletion of water bodies. As a result of this week, coffee prices rose by 17% and for the first time since 2014 exceeded $ 2 per pound (2.2 kg). The country accounts for about 40% of the world's Arabica coffee crop. It is noted that these cataclysms will have a long-term effect and affect the harvest even after two years. China: Floods have occurred in a key region of China. They hit corn crops and flooded pig farms. Now the ...

Source: Agroconf