(Bloomberg) -- Production of key crops including sugar and coffee could drop by as much as 59% in the long-term due to climate change, according to a report by the Stockholm Environment Institute, while wheat output may increase.The U.S., China, and Brazil are “significant sources of climate risk for global commodity markets,” the report says, arguing that changes will disrupt long-established trade flows all over the world and risk social upheaval.Corn production in the U.S. alone could plunge
Yahoo Finance’s Jared Blikre reports on the day's trending tickers.
World food prices jumped in August after two consecutive months of decline, pushed up by strong gains for sugar, vegetable oils and some cereals, the United Nations food agency said on Thursday. The Rome-based Food and Agriculture Organization (FAO) also said in a statement that worldwide cereal harvests would come in at nearly 2.788 billion tonnes in 2021, down on its previous estimate of 2.817 billion tonnes but still up on 2020 levels. FAO's food price index, which tracks international prices of the most globally traded food commodities, averaged 127.4 points last month compared with 123.5 in July.