The drought situation in Australia does not bode well for world food prices. When you are praying for rain, it might be a good idea to throw in a prayer for the drought in Australia as well.
Australia food-bowl drought worsens, rains spare wheat
By Rob Taylor
CANBERRA (Reuters) - The prolonged drought in Australia's Murray-Darling river system is worsening and the country's main food bowl may forever be changed by accelerating climate warming, government officials said on Thursday.
Despite good autumn rains, June inflows into the river basin were...(complete article here).
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