Different Commodities Across The Planet Hammered By Climate Breakdown - Soy, Pork, Coffee, Grains

[hatrack]

Extreme weather is slamming crops across the globe, bringing with it the threat of further food inflation at a time costs are already hovering near the highest in a decade and hunger is on the rise. Brazil’s worst frost in two decades brought a deadly blow to young coffee trees in the world’s biggest grower. Flooding in China’s key pork region inundated farms and raised the threat of animal disease. Scorching heat and drought crushed crops on both sides of the U.S.-Canada border. And in Europe, torrential rains sparked the risk of fungal diseases for grains and stalled tractors in soaked fields.

Coffee’s the biggest recent mover, with prices surging 17% this week week and topping $2 a pound for the first time since 2014. But the recent frost in Brazil is just the latest example of woes that have struck farmers there this year. Brazil’s also experiencing a crippling drought that depleted reservoirs needed for irrigation.

The series of misfortunes underscores what scientists have been warning about for years: Climate change and its associated weather volatility will make it increasingly harder to produce enough food for the world, with the poorest nations typically feeling the hardest blow. In some cases, social and political unrest follows.

“Things that are happening in one part of the world end up impacting all of us,” said Agnes Kalibata, a United Nations special envoy for the 2021 Food Systems Summit and Rwanda’s former agriculture minister. “We’ve underestimated as a world is just how frequently” weather would start to have serious impacts. “Some communities are already living through the nightmares of climate change,” Kalibata said.

EDIT

https://www.bloomberg.com/news/articles/2021-07-24/world-s-food-supplies-get-slammed-by-drought-floods-and-frost