PARIS (BLOOMBERG) - Paris is going through its driest period in almost 150 years and temperatures across Europe are continuing to reach extreme levels, leaving scorched fields and farmers frustrated by another spell of bad weather.. Read more at straitstimes.com.
PARIS - Paris is going through its driest period in almost 150 years and temperatures across Europe are continuing to reach extreme levels, leaving scorched fields and farmers frustrated by another spell of bad weather.
Day-ahead electricity prices in France hit a five-month high on Tuesday. In Paris, temperatures are forecast to hit 42 deg C. In agriculture, the heatwave is having the biggest impact on corn fields, which are in a key growth stage. Yields will drop sharply if beneficial rains don't arrive soon, said German grains handler Agravis Raiffeisen. Winter wheat and barley are already being collected and have escaped most of the bad weather.
Forage stocks are already low after last year's drought, and Paris corn futures are up about 10 per cent since late May.
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