Drought in Americas Threatens Outlook for Crucial Crop Supplies
Cracked soil on a farm during a heat wave in San Antonio de Areco, Buenos Aires province, Argentina.
Photographer: Anita Pouchard Serra/BloombergFrom devastating droughts to millions of hungry chickens and the Philippines’ onion crisis, here’s a snapshot of recent key food stories from around the world:
Crop Outlook
Grain traders are closely watching Argentina where the worst drought in 60 years threatens the outlook for soybeans. Harvest estimates are getting slashed — including from forecasters using satellite imagery. If dry weather doesn’t abate by the second quarter, the country’s output could be the smallest since 2009, the the Buenos Aires Grain Exchange said.