American Drought Already Hitting Chinese Consumers Hard – ValueWalk Premium

American Drought Already Hitting Chinese Consumers Hard

What is now being labeled as the worst drought in the United States in 25 years has led to serious concerns about the world food supplies and inflation. The high temperatures specifically in the corn producing regions continued over the month of June and early July and have meant further downgrade of export estimates from the US for this crop year.

The USDA’s July World Agricultural Supply and . . .

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