New Delhi —
The coronavirus pandemic is weighing on the global agriculture supply chain as the world’s top producers and consumers deal with a sharp rise in cases. This has forced many to take strict measures, disrupting the normal course of operations.
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The risk to agriculture supplies, trade and processing chains has never been greater. The Food and Agriculture organization says the impact of the pandemic on economic growth may also affect final demand as consumers lose purchasing power.
** Despite healthy inventories, importers stocked up on wheat products in March on fear of supply risk, pushing prices higher
** Corn has seen the biggest fallout, hitting multiyear lows on widespread ethanol demand destruction
** Depopulation of livestock in the US due to the idling of meat plants could affect long-term feed demand for corn, wheat and DDGS.
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