After a heat wave destroyed much of India’s wheat crop this past year, world wheat shortages could see supplies reduce by as much as 50 percent.
Wheat supplies may retract 10-50% hinting at an upcoming global food shortage
From finbold.com
2022-05-02 07:40:29
Excerpt:
Even more food shortages may be on the way as a result of the recent heatwaves in India destroying wheat yields. India was supposed to increase its exports to offset the shortfalls caused by Russia’s unprovoked invasion of Ukraine which had already reduced global wheat supplies.
March temperatures in India have reached levels never before seen in India according to records tracking temperatures since 1901, destroying the crop. Estimates range between 10% and 50% yield decrease for the season by local farmers.
Expectations of wheat exports from India were high, with 11-12 million metric tonnes expected to be delivered throughout 2022 and 2023. With such high expectations and unexpected disruption, a global food shortage seems to be coming.
