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This week, top rice exporter India banned some shipments of the commodity – a staple for about half of the worlds population — to keep domestic prices in check. Russia quit a deal that allowed Ukrainian grain to flow safely across the Black Sea.
(Bloomberg) -- As scorching temperatures ravage farms from the US to China, crop harvests, fruit production and dairy output are all coming under pressure. That extreme weather is just one of threats to food supplies that are once again mounting around the world.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganUS Recession Becomes Closer Call as Economists Rethink ForecastsPutin Warns Poland Over ‘Aggression’ Against Ally BelarusWhy South Africa
Rest of World News: As scorching temperatures ravage farms from the US to China, crop harvests, fruit production and dairy output are all coming under pressure.
As scorching temperatures ravage farms from the US to China, crop harvests, fruit production and dairy output are all coming under pressure. That extreme weather is just one of threats to food supplies that are once again mounting around the world.
Weather impact could mean higher food inflation for longer