America: Climate change will make corn prices unstable

According to a study published in the journal American Climate Change, climate change may make corn prices in the US more unstable than oil prices or policies that favor biofuels.

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This study, based on economic, climate, agricultural and digital models, concludes that the warming of the Earth climate is even within the 20 degree Celsius limit compared to the pre-era. industry, will cause more frequent heat waves in corn growing areas in the US, meaning that the country will have weak years of corn production.

Researchers have sought to identify periods that affect corn price instability, which means corn's ability to change yearly and bring economic hypotheses like oil prices. price increases or the existence of policies that favor biofuels in their calculations.

They concluded that the change in Earth's climate could make corn prices in the US more unstable , rising from 43% in the period 1980-2000 to 177% in the future (2020-2040). ).

In addition, policies that benefit biofuels also tend to make prices more volatile due to climate change.