One of the most important commodities could triple in price – experts

A new scientific study predicts that due to global warming and increasing droughts, the cost of wheat could nearly triple. Simultaneous heatwaves in several key breadbaskets of the planet will trigger fierce competition for remaining food supplies, hitting developing countries and requiring urgent agricultural adaptation.

A new scientific study warns that global climate change could lead to a sharp spike in the price of wheat, one of the world's key food commodities. Scientists analyzed the relationship between global warming, increasing droughts, and fluctuations in agricultural product costs. The main danger, in their view, is that extreme heat and water scarcity will simultaneously affect several of the planet's main breadbaskets, catastrophically reducing global grain supply. This will inevitably trigger panic on exchanges and fierce competition between nations for remaining food volumes. A threefold increase in wheat prices will drive up the cost of all food products that use it as a raw material. The hardest hit will be developing countries and regions critically dependent on food imports. The authors emphasize that the worst scenarios can only be prevented through timely modernization of agriculture—investment in drought-resistant varieties and water management technologies.

One of the most important commodities could triple in price – experts