RIO DE JANEIRO, BRAZIL - The production of major commodities such as sugar and coffee could drop by up to 59% in the long term due to climate change, according to a report by the Stockholm Environment Institute, which also forecasts higher wheat
The United States, China and Brazil are "significant sources of climate risk for global commodity markets," the report says, arguing that the changes will affect long standing trade flows worldwide, with the risk of social unrest.
In the U.S., corn production is estimated to drop by almost half in the long term (2070-2099) due to . . .