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Wheat under sunny skies in Kansas. Wheat yields have declined by about 2% per decade, says the United Nations. (AP Photo/Orlin Wagner)

(Bloomberg) — The risk of global food production shocks and price spikes is rising due to increasingly intense storms and more frequent flood and drought events associated with warmer temperatures, U.S. and British researchers said Friday.

By 2040, the danger of a 1-in-100-year food production crisis is likely to rise to a 1-in-30-year probability, the U.K.-U.S. Taskforce on Extreme Weather and Global Food System Resilience said in a report for the British government. Concentration of production of maize, soybean, rice and wheat in a few major producers may amplify the shocks, showing the need to boost resilience of the world’s food system, they said.

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