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Furthermore drought in Russia, Europe, and Australia means they aren't having bumper crops to offset that loss.
I can't speak for Russia or Europe, but Australia is definitely not in a drought and hasn't been for at least the last 2 years. In fact at the moment we are in the middle of a La Nina event, with more flooding than anything else. Most of our dams are either at 100% capacity, or close to that as well - they'd in fact all be at 100% if it wasn't for "environmental flows".
Wow, exaggerate much?