Bloomberg

Floods, drought are destroying crops and sparking food inflation

A farmer operates a combine harvester while harvesting oats near Gunnedah, New South Wales, Australia, on Oct. 14, 2020. Foto: Bloomberg/David Gray

Wild weather is wreaking havoc on crops around the world, sending their prices skyrocketing.

On wheat farms in the U.S. and Russia, it's a drought that's ruining harvests. The soybean fields of Brazil are bone dry too, touched by little more than the occasional shower. In Vietnam, Malaysia and Indonesia, the problem is the exact opposite. Torrential downpours are causing flooding in rice fields and stands of oil palm trees...

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