Drought-induced crop failures and inflation
Stefan SchneiderThe extraordinarily hot and dry summer weather will cause severe crop shortfalls in Germany, according to experts' estimates.
The extraordinarily hot and dry summer weather will cause severe crop shortfalls in Germany, according to experts' estimates. Due to the adverse weather conditions, the crop outlook for European neighbouring countries, as well as other large food producers such as the USA or Australia, is quite poor, too. Over the past weeks, wheat prices for delivery in December 2018 were up by just under 20%.
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