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A file heatwave in a few of Europe’s key farming areas has put this yr’s corn harvest in danger, Bloomberg reported on Monday.
Corn crops are within the midst of flowering and hostile climate can decrease the variety of kernels that finally fill with grain. Temperatures in some areas of Europe have reached as excessive as 47 levels Celsius, with Spain, France, Greece and Portugal notably affected.
The EU usually imports massive volumes of corn, which is principally used as animal feed, from Ukraine, however this yr the shipments have been constrained by the battle. In response to Bloomberg, this has pushed up costs, with Paris corn futures up 11% in July and buying and selling at a file for the time of yr. Sunflower and soybean fields are additionally in danger from the new, dry situations, the publication provides.
Europe’s wheat harvest has additionally been affected by the unusually sizzling climate. Final week France, the EU’s high wheat exporter, mentioned its soft-wheat output will drop by about 7% this yr, to beneath the five-year common.
This comes amid decreased provides of wheat and different grains from main producers Russia and Ukraine, amid the continuing battle between the international locations. Different main exporters, akin to India and Kazakhstan, have restricted or banned their grain exports, citing home meals safety. The developments have triggered warnings of a potential international meals disaster.
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