marketcrash
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drought
03/30/2022
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By Arsenio Toledo
Drought conditions causing surge in cotton prices, raising fears clothes could become more expensive
Freak weather patterns in the United States, including drought conditions in Texas, are affecting the price of cotton, signaling fears that clothes are about to get more expensive. On Monday, March 28, cotton futures in Texas jumped by four percent to reach a price of $1.3171 per pound. At one point during the trading day, cotton futures […]
02/04/2022
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By Kevin Hughes
Soaring fertilizer prices to spark global famines unseen in modern history
A modern-era crisis is looming with global prices for fertilizer tripling and food production dwindling. Articles about the twin issues have come out, but the corporate media in the United States are downplaying them despite their probable catastrophic impact worldwide. Experts have already warned about the crisis, and a European CEO even told the media last […]
11/03/2021
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By Mary Villareal
Oat prices reach record high amid droughts
Prices for oats and grains are up nearly 150 percent over the last year due to extremely dry weather in key growing regions. The drought was estimated to cut U.S. oat production by up to 40 percent, with the United States Department of Agriculture (USDA) saying this year’s oat crop was the smallest on record at only 40 million bushels. […]
10/28/2021
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By Arsenio Toledo
Farmers all over the world are worried the supply chain crisis will affect next year’s harvest
Farmers all over the world are concerned that the ongoing supply chain crisis will have a disastrous effect on their 2022 crop outputs. Input prices – or all the costs that go into a harvest – are already making it difficult for farmers in the United States to operate normally. According to financial services company StoneX Group, […]
10/27/2021
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By Cassie B.
Severe drought in South America wreaking havoc on shipping, energy, fishing and drinking water supplies
The effects of the severe ongoing drought in South America can be felt throughout the continent, with the second-longest river there, the Parana River, hitting a 77-year low that is compromising commercial shipping, fishing and the drinking water supply of 30 million people. Paraguay is being especially hard hit. The landlocked nation of seven million […]
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