Global grain stocks offer a solid cushion against this year’s “super El Niño.”
But as Luca Mattei writes, reserves don’t finance irrigation pumps or provide the foreign currency countries need to import fertilizer and other key inputs.
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The ‘Super El Niño’ Is Testing the Limits of the Global Food System
On the whole, agricultural systems have so far proven resilient to changing weather patterns. But the severe El Niño is arriving at a sensitive time.