Climate change likely to bring food inflation

Posted by Reuters: Ian Campbell on July 16th, 2012
Reuters: The United States has just had its hottest first half-year ever. The corn crop is suffering, corn prices are soaring. Extreme weather is also hitting Russian wheat. Is global warming threatening a repeat of the destabilizing 2011 global food price shock? Probably not this year. But the longer-term threat is troubling. In the United States, the Department of Agriculture reduced its forecast for corn, the country's largest crop, by 12 per cent this week. U.S. corn prices are up by around 40 per cent......

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