Climate change causes wheat inflation

what would happen to the world wheat supply if the temperature were to rise by 2 degrees? And why is it so important to know? Because climate change causes wheat inflation. And in the long run, this would bring profound and critical changes in society. This, as published in the magazine ‘One Earth’, was assessed by science. Wheat production will be severely affected in the coming years.

A simulation was carried out from climate behavior models. It was found that a rise in temperature would bring serious consequences. The price of wheat would put additional economic pressure on daily livelihoods.

Climate change causes wheat inflation by reducing wheat production.

Climate change causes wheat inflation by reducing wheat production.

Freeing up the market

“Wheat yields are expected to increase in high-latitude wheat exporting countries. But it will decrease in low-latitude wheat importing countries.” This is stated by lead author ZHANG Tianyi. He is an agrometeorologist at the Institute of Atmospheric Physics, Chinese Academy of Sciences.

“This leads to higher demand in international trade. And to higher consumer prices in importing countries. It would deepen the traditional trade patterns between importers and exporters of wheat.”

Trade liberalization would help mitigate climate stress by improving market mobility. It could reduce the economic burden on consumers of wheat products. However, the impact on farmers’ incomes would be uneven. Wheat exporting countries would have a slight advantage. But the incomes of farmers in wheat-importing countries would be reduced.

In a few years, agriculture will be seriously affected by climate change.
In a few years, agriculture will be seriously affected by climate change.

More inequality

“These results would potentially cause a larger income gap. It would be a new economic inequality between wheat importing and exporting countries.” They add that increased import dependence could reduce the wheat self-sufficiency ratio. This would trigger a “negative vicious circle” for wheat importing and less developed countries in the long run.

“This study highlights a few things. We must take effective measures in trade liberalization policies. This way we can protect grain food industries in importing countries. Climate change causes wheat inflation, and increases the economic gap between countries. Global food security must be improved in the context of climate change,” says Frank Selten. He is a researcher at the Royal Netherlands Meteorological Institute and co-author of the study.

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