Heatflation: What Is It And Its Impact On Food Industry
Image: AFP
9 May 2024
World Economic Forum (WEF) defines Heatflation as the phenomenon of rising food prices caused by extreme heat
Image: AFP
Extreme weather condition across the globe is impacting a whole range of crops including peanuts, cocoa and coffee
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WEF says that heatflation is a major threat to food security, especially for the most vulnerable people in the world
Image: Reuters
Extreme heat and drought can damage crops in a number of ways
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It can also affect the quality of food, making it less nutritious and more susceptible to spoilage
Image: Reuters
There are number of ways countries can work to mitigate the effects of heatflation
Image: Reuters
Countries can invest in more resilient agricultural practices, such as drought-resistant crops and irrigation systems
Image: Reuters
Diversifying food production so that we are not reliant on a few staple crops
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Reducing food waste so that we make the most of the food that we produce
Image: Reuters
Supporting policies that promote food security, such as subsidies for farmers and food banks
Image: AFP
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