$1 Billion Agricultural Loss: Why Smart Traders Are Watching Pakistan's Flooded Markets
Key Points
- Pakistan's floods have devastated its agricultural sector, i...
Pakistan's agricultural sector just took a $1 billion hit from floods, and if you think this only matters to farmers halfway around the world, your grocery bill would like a word.
Since mid-August, catastrophic flooding has swept through Pakistan, turning what should have been harvest season into a financial nightmare. Over 175,000 hectares of crops in Punjab alone are now underwater or destroyed - that's roughly the size of Los Angeles, but instead of Hollywood stars, we're talking about wheat and rice that won't be feeding anyone this year.
When Mother Nature Plays the Market
Punjab i...
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