If You Think It’s Hot, Consider This: France Hit 111F

That’s hotter than in Las Vegas (100F) or Death Valley, Calif. (106F).

The heat could lead to a 10% cut in wheat production.

Spain, Germany and Switzerland are also feeling the heat.  In Germany, where freeways don’t have speed limit, limits have been introduced for fear the heat could damage road surfaces.

“Heatwaves usually hit staple crops like wheat, grain and maize, and if the current heatwave in France and Spain continues for a long time, it will have a sharp effect on harvests and sales, certainly in the region of 5-10 billion euros ($5.69 billion to $11.37 billion),” Fredrik Erixon, a head of the European Centre for International Political Economy (ECIPE), told CNBC via email.

Erixon added that the heatwave might help winemakers, as higher temperatures tend to improve the quality of the grapes.

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