Possible Food Price Crisis: Let’s be Prepared
Pathfinder Economic Flash
The worst drought in the US in at least five decades has resulted in the loss of one-sixth of the expected corn crop.. The UD Department of Agriculture (USDA) has estimated that corn farmers have been compelled to abandon fields greater in area than Belgium and Luxembourg combined, following the hottest July ever recorded in US history. In addition, the soya bean harvest this year is expected to be the worst in five years.
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