sank the most since 2008
How much they can provide is in question. Major producers like the US, Brazil and Argentina have been facing yield issues over the last few years thanks to scorching heat, supporting prices at higher levels. Global production of maize and soybeans in 2021-2022 fell short of initial forecasts by 45 million tons.
The situation is already critical, said Vincent Braak, a crop analyst at Strategie Grains. “Even if rains come back, for maize production, it is far too late for good yields now because pollination is done almost everywhere. We are worried for all the summer crops. Even with irrigation, this temperature is totally crazy.”
This year’s French maize harvest is estimated at 12.66 million tons, down 19% year-over-year, the country’s agriculture ministry said in a. If confirmed, it will be the lowest since 2016, according to USDA data. In India, temperatures soared in March to the highest ever for the month on record going back to 1901, shrivelling the country’s biggest winter-sown crop during a crucial growth period.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Consumers’ US Inflation Expectations Drop Across All Time HorizonsConsumer expectations for US inflation over the coming years declined sharply in the latest survey by the Federal Reserve Bank of New York, a finding that may ease the Fed’s concern about ever-rising prices getting baked-in to household behavior.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Axios Media to Be Bought by Cox Enterprises for $525 MillionThe online news company Axios Media Inc. agreed to be bought by Cox Enterprises Inc., the latest in a recent flurry of digital deals by traditional media companies.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Bed Bath & Beyond Jump Brings Some Meme Frenzy to Broad RallyRetail traders who lurk in forums like Reddit’s WallStreetBets are back to betting against Wall Street pros and the Federal Reserve as rallies for meme stocks like Bed Bath & Beyond Inc. and AMC Entertainment Holdings Inc. show shades of last year’s mania. Thanks for restoring my happiness in my dark days, During this period I invested $1500 and to my greatest surprise I got a return of $15,500. He's reliability can’t be equated _JamesAlderson
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Senate passes Democrats’ landmark tax, climate, drugs billThe US Senate passed a landmark tax, climate and health-care bill, speeding a slimmed-down version of President Joe Biden’s domestic agenda on a path to becoming law after a year of Democratic infighting that the White House was unable to control.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Stocks, US futures dip amid worries over Fed hikes: markets wrapAn Asian stock gauge slipped along with US equity futures on Monday, hampered by expectations of further aggressive Federal Reserve interest-rate hikes to tackle the highest inflation in a generation.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: UK economy probably entered its worst slump since lockdownThe UK economy probably shrank for the first time since the country was in a coronavirus lockdown at the start of 2021, adding to pressure for action from the contenders vying to take over as prime minister.
Source: dailymaverick - 🏆 3. / 84 Read more »