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The UN says Afghanistan's farmers and herders face famine-like conditions after most crops were lost to drought this year, with 18.8 million people unable to feed themselves daily. Aid agencies warn a second consecutive drought year is likely in 2022 as La Niña brings drier conditions.
Afghanistan is a small grain importer, so the humanitarian need has little effect on global feed prices. Continued drought concern is a minor supporting factor for regional wheat import demand.
news.un.org© FAO/Hashim AziziNov 19, 2021After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
