Monday, December 27, 2010
Drought to push Russia's global wheat prices.
<P> Wheat prices in 30 years the largest single month increase, because Russia experienced severe drought, making the food industry warned that bread and biscuits and other flour products will be price increases. .</ P> <P> executives also warned that the food industry, feed and beer barley prices have also soared, which may push birds to the beer from the retail prices of various products. .</ P> <P> European wheat prices yesterday soared 8% to € 211 per tonne the highest level in two years. .Since late June from the price of wheat has risen nearly 50%. .Poor harvests and prices reminiscent of the global food crisis in 2007-08 - from maize to rice, a variety of agricultural commodities are at a substantial price increases in countries such as Haiti and Bangladesh led to riots. .</ P> <P> "This is the year 1972-73 we have seen since the most rapid gains in wheat prices," the UK's first food company (PremierFoods) wheat procurement director Gairuixiaji (GarySharkey) said. .The company produces popular brands Hovis bread. .</ P> <P> "(food) industry will not ignore 50% of the wheat price increase," Sharkey added the city, his words echoed the general food industry executives have other views. .</ P> <P> the occasion of wheat prices, more than a century the most severe heat and drought is continuing to destroy Russia, Ukraine and Kazakhstan's food crops. .</ P> <P> the three countries are among the world's top ten list of wheat exporting country, but also North Africa and the Middle East (the world's largest importer) is a key supplier. .Industry executives and traders worry that the three countries may limit food exports, and even the implementation of export ban in order to maintain an adequate supply of the domestic market, the price is lower. .</ P>.
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