'Global food prices are once again facing upward pressure due to the record cost for shipping grain in the U.S., the source of about 20% of world exports...drought conditions have caused water levels in the Mississippi River to drop' increasing costs
asia.nikkei.com/Economy/Inflat…
asia.nikkei.com/Economy/Inflat…
2/x
And not just the Mississippi-
Drought has been a huge problem for shipping across large swaths of the northern hemisphere in 2022, impacting distribution of crops & other commodities.
#ClimateCrisis #drought #heatwave #trade
splash247.com/fiercely-hot-s…
And not just the Mississippi-
Drought has been a huge problem for shipping across large swaths of the northern hemisphere in 2022, impacting distribution of crops & other commodities.
#ClimateCrisis #drought #heatwave #trade
splash247.com/fiercely-hot-s…
3/x
"An unsettling drop in water levels in key European waterways has resulted in immensely strained logistics in shipping commodities throughout the continent, with barges only able to carry one-third or one-quarter of their usual cargo."
#Europe #trade
splash247.com/fiercely-hot-s…
"An unsettling drop in water levels in key European waterways has resulted in immensely strained logistics in shipping commodities throughout the continent, with barges only able to carry one-third or one-quarter of their usual cargo."
#Europe #trade
splash247.com/fiercely-hot-s…
4/x
& now:
'Due to low water level, the main Yangtze River shipping channel entered its dry season way ahead of its normal schedule... meaning the route is no longer capable of accomodating ships with larger tonnage'
#China #trade #logistics #water
scmp.com/economy/china-…
& now:
'Due to low water level, the main Yangtze River shipping channel entered its dry season way ahead of its normal schedule... meaning the route is no longer capable of accomodating ships with larger tonnage'
#China #trade #logistics #water
scmp.com/economy/china-…
5/x
Trade is often held up as a key means through which to mitigate future food price shocks due to climate change,
but what happens when the same climate crisis driven extremes that cause food price shocks also limit trade?
#food #inflation #Traders
imf.org/en/Blogs/Artic…
Trade is often held up as a key means through which to mitigate future food price shocks due to climate change,
but what happens when the same climate crisis driven extremes that cause food price shocks also limit trade?
#food #inflation #Traders
imf.org/en/Blogs/Artic…
6/x
We have *a lot* more drought in the future-"Scientists warn of widespread drought in the 21st century"
Which means much more of this:
Food production shocks + significantly reduced ability to redistribute available food
(+ protectionism +...)
#NEWS
phys.org/news/2022-01-s…
We have *a lot* more drought in the future-"Scientists warn of widespread drought in the 21st century"
Which means much more of this:
Food production shocks + significantly reduced ability to redistribute available food
(+ protectionism +...)
#NEWS
phys.org/news/2022-01-s…
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