Word: australia
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...longer just threatening Australia's $30 billion agricultural economy, the drought is contributing to soaring world food prices - rice, wheat and corn prices have more than doubled in the past two years - which in recent weeks have triggered panic buying, hoarding and a string of riots across the developing world. "International agencies are belatedly recognizing," says Julian Cribb, a professor of science communication at Sydney's University of Technology, "that the global food crisis is much closer than the climate change crisis or even the next oil crisis...
...With everything else that's going on, the drought-ravaged rice and wheat farms of Australia's agricultural heartland - the Murray-Darling Basin, named for its two major rivers - have become the world's problem. As to how long that problem's likely to last, scientific opinion is divided. One school of thought is that there's no evidence global warming is causing this drought or will ever cause anything like a permanent one; there's even a theory that higher temperatures could help boost Australian agricultural production by bringing more rain to some parts of the country...
...normal year, Australia exports 85% of its rice production as branded product to some 70 markets through Asia, the Middle East, the South Pacific and other destinations. So it is that although Australian rice represents only 0.2% of world rice production, it accounts for more than 4% of the global rice trade - enough to feed 40 million people one meal a day for a year...
...drought has also savaged recent Australian wheat crops. Normally among the top three or four wheat exporters in the world, Australia has managed to produce little more than half of its usual 20 million metric tons in each of the past two years. But these setbacks are having a paradoxical effect. Not nearly as thirsty a crop as rice and expensive now on world markets at about $350 a ton, wheat in Australia is attracting new growers. "Some are looking at putting wheat in this year instead of restocking on cattle - because it's cheaper and because they...
...That's a big if. A La Niña weather pattern, which is associated with above-average rainfall and had been giving farmers in southeastern Australia hope over the Southern winter, is weakening, according to forecasters. "Australian farmers have been incredibly innovative in overcoming water shortages and maximizing production under trying conditions," says the National Farmers' Federation's Heffernan. "If they just get a bit of rain, you'll see production kick in very quickly because they've done the preparation." Any Australian rebound would be a bonus on top of expected bumper wheat crops...