Fears are fueled by uncertainty about wheat exports from the Black Sea region, as well as a cut in the US harvest.
Drought in Canada could lead to reduced yields and disruption of grain supply to the international market. Bloomberg reported this on April 3.
It found that several regions of the country experienced the second driest start to the year in the last 45 years.
Key agricultural provinces such as Alberta, Saskatchewan and Manitoba have received less than 60% of normal rainfall since last September, according to Agriculture Canada.
Canada is the world’s largest supplier of rapeseed and a major exporter of wheat, and the onset of drought could hamper spring planting and further crop growth.
As Bloomberg emphasizes, the situation is complicated by continued uncertainty about wheat exports from the Black Sea region, as well as dry weather in some regions of the United States.
Recall that Ukrainian farmers have improved their harvest forecasts for this year.
A significant grain shortage is brewing in the world – media
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.