White Paper: Effects of Climate Change on the Agriculture Industry — Tridge
Weather anomalies have been announced across the globe. Climate change has affected food prices across the globe as agricultural harvest is influenced by weather conditions.
Latin America was at the forefront of weather anomalies as droughts lasted longer than anticipated. India is experiencing a record searing heatwave, and Spain had severe repercussions in some of the most crucial production areas, causing agricultural price fluctuations. This paper will reflect the price movements for certain commodities affected by climate change.
Table of Contents
1. Droughts Driving Crops Price Surging in LATAM
- Wholesale price of Brazilian coffee increased by +98.22% YoY to USD 6.24/kg in W3 May-22.
- Wholesale price of Brazilian honey increased by +30.2% YoY to USD 4.94/kg in W3 May-22.
- Wholesale price of Argentine peanuts increased by +47% YoY to USD 2.13/kg in W3 May-22.
2. Cold Snap in Spain Affects The Price of Agricultural Products
- Spanish plum wholesale prices increased to USD 2.81/kg in W3 May-22, up by +61.5% WoW.
- Spanish lettuce wholesale price increased to USD 1.04/kg in W3 May-22, up by +40.61% YoY.
3. Heatwaves cause Indian Agri-product Prices to Soar
- Wholesale price of wheat in India increased by +17.66% YoY in W2 May-22.
- Wholesale price of wheat flour in India increased by +11% MoM to USD 0.41/kg in W3 May-22.
- Wholesale price of rice in India increased by +24.03% YoY to USD 0.47/kg in W2 May-22.
To view the full report, click here.
