First, crops failed in both Poland and Ukraine due to flooding, then it was the grain harvest in Russia, then more heavy flooding killed crops in Pakistan and India. Now this.
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Brazil Crops Shrivel as Amazon Dries Up to Lowest in 47 Years - Bloomberg:
"Drought in Brazil, the world’s biggest producer of coffee, sugar and oranges, is harming crops and drying the Amazon River to its lowest in 47 years.
The Amazon’s 18-meter (59-feet) level on Sept. 20 was the least since 1963, disrupting transportation of food, fuel and medicines in northern Brazil, the National Water Agency said in an e-mailed statement. Growers in Brazil’s Southeast expect the drought will pare output of the nation’s key commodities.
Sugar rose to the highest price in seven months in New York today and has jumped 29 percent this month because of concern the South American drought threatens global supplies. Orange juice gained 15 percent this month and coffee soared 33 percent this year..."
