Global Drought Damaging Crops To Destabilizing Geopolitical Effect
Sober Look | Jul 02, 2012 01:43AM ET
The recent drought conditions across some of areas in the US have caused a number of wildfires in western states. The media has focused on the fact that some states are cancelling the 4th of July fireworks in fear that they could ignite dry brush and trigger yet another wildfire.
But there is another effect the drought is having on many parts of the country - damage to the nation's crops.
The Telegraph : - Food price inflation is already a headache for policymakers around the globe, faced with the pressures of growing populations, rising urbanisation and changing diets.
That means the latest surge in crop prices state-side, with the US producing more than 40pc of global corn exports, is causing some concern. The dry weather is also affecting the Black Sea producers, as well as those on the North China Plain.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.