India must invest in new irrigation methods

The speculation on the delay of the monsoons and below-normal rainfall this year is not new to India. But the drought in the maize belt of the United States — that is, in the Midwest — was unexpected. The impact of the drought will be felt on wheat and soya bean production. This will eventually lead to an increase in their prices as well as that of items like milk, poultry and meat in the near future. A significant impact on the global market can also be expected as the US accounts for more than 40 per cent of total world exports of wheat and soya bean.

Read Full Story>>