By SIMON CONSTABLE
For much of history, a bad harvest could be the difference between life and death. Fortunately, since World War II, grain production has generally kept pace with the global population. But over the past five years, reserves of corn, wheat, and soybeans have dwindled by up to 11 percent, spurring a double-digit price increase worldwide. Two major drivers of the increase are severe weather, which has caused crop destruction, and Russia’s invasion of Ukraine, which has created interruptions in food production. All of this might sound bad, but it may only be the warm-up for something worse. Read more here.
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