water futures

  • The Nasdaq Veles Index, which represents the average price of water-rights transactions across California, spiked 87% this year to over $923 per one-acre foot (or per 325,851 gallons of water).

    Investors Betting On Water Market As California Faces Most Severe Drought In 50 Years

    Nasdaq Veles California Water Index spiked 90% this year, $950 per one-acre foot after droughts drive investors to water scarcity investments

    For the last two years, California has been suffering through a historically severe drought, the worst in nearly 50 years. In April, California Gov. Gavin Newsom declared a drought emergency, and then in July called on Californians to cut their…