October 10, 2024 10:08 AM

Harsh weather curbs global wheat output, buoys prices

Harsh weather is reducing wheat production in major global exporters, cutting inventories that have already been projected to hit nine-year lows, while fuelling a sudden surge in prices. Dryness afflicting suppliers from Russia, the world's biggest, to Argentina, is making food production vulnerable as recent Russian attacks on grain ships in the Black Sea rekindles concerns about the war limiting supplies. While top southern hemisphere exporters Argentina and Australia have lost several milli...