$WEAT Heatwave in India Threatens Harvest


A record-breaking heat wave in India exposing hundreds of millions to dangerous temperatures is damaging the country’s wheat harvest, which experts say could hit countries seeking to make up imports of the food staple from conflict-riven Ukraine.

With some states in India’s breadbasket northern and central regions seeing forecasts with highs of 120 Fahrenheit this week, observers fear a range of lasting impacts, both local and international, from the hot spell.

Indian Prime Minister Narendra Modi told U.S. President Joe Biden earlier this month that India could step in to ease the shortfall created by Russia’s invasion of Ukraine. The two countries account for nearly a third of all global wheat exports, and the United Nations Food and Agriculture Organization has warned that the conflict could leave an additional 8 million to 13 million people undernourished by next year.

Charts for $WEAT (Teucrium Wheat Fund) on my Twitter thread:


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3) $WEAT More on the heat wave hitting India, Pakistan, and Bangladesh from an archived Independent article:

4) End of day look for $WEAT showing daily, weekly, and monthly charts as of Thu, 28 APR 22:


The heatwave cloaking India stands out for two reasons, according to Dr Mondal.

The first is that it struck early. India’s main summer months — April, May and June — are always excruciatingly hot in most parts of the country before monsoon rains bring cooler temperatures. But this year, India recorded the hottest March on record since the India Meteorological Department began keeping track 122 years ago.

The second is that it is affecting the majority of the country, rather than the usual hotspots which are the central-northern, northwestern region that includes Rajasthan and the south-east, including Andhra Pradesh, she said. This year most of India’s 1.4 billion population, apart from maybe those in the mountainous regions, are reeling from the heat, she added.

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