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Extreme Weather Disrupts Global Wheat Market & Downstream Firms

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Summary: A heatwave across the Northern hemisphere is destroying crops and causing grain prices to surge. That’s bad news for grain importing countries and packaged food manufacturers.
A deadly heatwave has been sweeping across the Northern hemisphere, with record temperatures stretching all the way from Japan to Norway to Texas. In the Finnish Lapland, the supposed home of Santa Clause, a new heat record of 92 degrees Fahrenheit (33.4 degrees Celsius) was reached in July 2018, while the prov...

 

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