Drought will bring about higher food prices, US warns

Guardian: The US government acknowledged for the first time on Wednesday that the drought now covering two-thirds of the country will lead to significantly higher food prices. The catastrophe in the corn belt, which has seen crops decimated by extreme heat and prolonged drought, will have ripple effects throughout the food system, the department of agriculture said in its food price outlook. US consumers can expect to pay up to 4.5% more for beef because corn, which is used for cattle feed, will be in......

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