MONEYWEB
app instead?
La Nina gives a turbocharge boost to already high food prices
Global prices for food and crops are at multi-year highs and thereâs a culprit far larger than human commerce: La Nina.Â
By Brian K Sullivan, Fabiana Batista and Jasmine Ng, Bloomberg
2 May 2021 08:42
Image: Justin Sullivan/Getty Images North America
Global prices for food and crops are at multi-year highs and thereâs a culprit far larger than human commerce: La Nina.
This year, the weather pattern has already made its mark in North and South America as well as Australia and Indonesia. Characterized by the cooling of the equatorial Pacific, La Nina triggers atmospheric gyrations that cause water scarcity in some places and floods in others. And the prospect of drought across the US â and difficult weather just about everywhere else â is roiling commodities markets. Combined with falling yields and growing demand from China, the result is soaring food prices and
May 1, 2021
Global prices for food and crops in much of the world are at multi-year highs and there’s a culprit far larger than human commerce: La Nina.
This year, the weather pattern has already made its mark in North and South America as well as Australia and Indonesia. Characterized by the cooling of the equatorial Pacific, La Nina triggers atmospheric gyrations that cause water scarcity in some places and floods in others. And the prospect of drought across the U.S. and difficult weather just about everywhere else is roiling commodities markets. Combined with falling yields and growing demand from China, the result is soaring food prices and fears of inflation among world governments.
La Nina gives a turbocharge boost to already high food prices around the world japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.
Date Time
Supporting IAG customers through record breaking severe weather
Only four months into 2021, record-breaking severe weather events have caused devastating damage to Australian communities.
Across our brands, we’ve received more than 13,500 claims for damage to homes, property and vehicles as a result of the heavy rains in NSW and SE QLD, and more than 1,300 claims for damage relating to Cyclone Seroja in Western Australia.
Our dedicated Major Event team is in place all year round to ensure we are as well prepared as possible to support our customers when natural disasters occur and the team remains all-hands-on-deck as they continue to help our customers recover from these events.
La Nina Gives a Turbocharge Boost to Already High Food Prices leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.