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Corn: Potential crop failure could impact global market

A picture from better times: Corn harvest in Jilin in 2012

Not just in Shanghai, but also in the province of Jilin, lockdowns have been in effect indefinitely for weeks now. This threatens to cause crop failures, which could further exacerbate the supply situation. Jilin, which is known for its highly fertile soils, accounts for about ten percent of the national corn harvest. Food prices, which have already climbed due to higher energy prices, could rise even further as a result of crop failures.

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