Commodities
French Corn Area Seen Lowest in Over 30 Years on Water Worries
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The area planted to corn in France is set to contract to the smallest in more than three decades as growers shun water-intensive crops during the summer and after prices fell, according to the agriculture ministry.
Farmers worldwide are becoming increasingly worried about water shortages and rising temperatures as global weather becomes more extreme. Europe’s corn crop was already devastated by drought in 2022, and climate scientists have predicted that 2023 could be the world’s hottest year.