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Global warming hits cereal production hard

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Commodity Online
NEW DELHI: Global warming has taken a heavy toll on major cereal crops and since 1981 it has caused a loss of $5 billion.

According to a study conducted by David Lobell, researcher of the Lawrence Livermore National Laboratory in the US, from 1981-2002 fields of wheat, corn and barley throughout the world have produced a combined 40 million tonnes less per year because of increasing temperatures caused by human activities.

Though the impacts are relatively small compared to the technological yield-gains over the same period, the results demonstrate that negative impacts of climate trends on crop yields at the global scale are already occurring.
NCDEX GURMUZZAFFARNAGARJUL12 20 July 2012 contract was trading at Rs 0 . What's your view on it?
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