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Climate change is pushing up food prices – and worrying central banks
Shifting weather patterns are reducing crop yields and squeezing supplies, creating what could become a permanent source of inflation.
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Permanently shifting weather patterns as a result of climate change are reducing crop yields, squeezing supplies and driving up prices.
PHOTO: AFP
Susannah Savage
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Sixty years ago, when Mr Giuseppe Divita’s grandparents opened their olive mill in Chiaramonte Gulfi, Sicily, the Italian island’s climate was ideal for producing the fruit.
This is no longer the case, says Mr Divita, who, alongside his brother, runs Oleificio Guccione, which today has its own groves as well as the mill. With average annual temperatures climbing and rainfall dwindling, growing olives and turning them into oil is becoming increasingly difficult.
