Australia's failed Wheat Crop is due to drought. I'm sorry I don't have a source or URL for you here but I was reading last night online that the biggest single reason that the world has the lowest food stores since 1979 is that the severe long term drought in Australia killed most of their wheat and other grain crops.
Since Australia is second only to the US in Wheat and grains grown as a nation on earth this is very serious for the world because of droughts in Africa and various other places as well as the incredible snowstorms that killed many of the crops in China.
Inflation is up 23% in China right now in most foods. In fact, pork has inflated almost 50% in China. China is even worried about serious social unrest because of high inflation in regard to food.
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