Californian and Canadian droughts are beginning to affect food prices, as the parched pastureland in the largest beef-producing provinces has left Canada with its smallest herd in Monday, July 6th, 2015. Canada exports more than a third of its cattle and beef to the US, where tight supplies have also led to record prices. California are having to make the largest water cutbacks on record and this is affecting not only the beef market, but also the burgeoning assortment of almond projects in California.
Californian and Canadian droughts are beginning to affect food prices, as the parched pastureland in the largest beef-producing provinces has left Canada with its smallest herd in 22 years. Canada exports more than a third of its cattle and beef to the US, where tight supplies have also led to record prices. California are having to make the largest water cutbacks on record and this is affecting not only the beef market, but also the burgeoning assortment of almond projects in California.