Extreme Weather Is Shaking Up Global Food Markets Again
A grouping of rice seedlings in the middle of a freshly planted paddy in Lishui, Zhejiang province, China, on Friday, June 7, 2024.
Photographer: Qilai Shen/BloombergThis week has offered yet another reminder of how food supplies are at the mercy of weather.
Coffee prices jumped as poor growing conditions in South America and Asia hurt output, while beneficial rains from Hurricane Beryl made US corn and soybeans cheaper. And in China, crops are at risk from extreme events that are happening more often because of climate change.