We are producing more meat and dairy products compared to last year. Yet the world is looking at an emerging food crisis
. The recent wheat export ban by India—the world’s second largest producer—came after a heatwave in March and April slashed yields. Sonu Mehta/Hindustan Times via Getty Imagesforecast the same alarming trend for global food security: crop yield will continue to decline as the planet warms. Hence experts believe that as climate change worsens, not only will we see more of these export bans, but also a rearrangement of trading patterns between countries as they prioritize national interest.
Economies will be inclined to source important goods from neighboring countries rather than from across continents, even if the latter is cheaper. It’s already happening, Capri says, pointing out that “mini-lateral” agreements between strategic and geopolitical allies could be more efficient at solving domestic food crises.
. The two already have an existing trade pact that cuts tariffs on all goods to increase their annual trade to $100 billion within five years.The world has experienced similar clampdowns on food trade in past crises.
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