Russia drought or cause a repeat of 1973 world food crisis.

<P> Associated Press reported today that the drought is increasing with Russia, a similar occurrence of the 70s of last century's world food crisis is likely to happen again. .</ P> <P> 1972 years, due to abnormal climate, and the former Soviet Union serious crop agriculture, in order from the Cold War rivals the U.S. "blackmail", the Soviet secret cleverly bought nearly thirty percent of the U.S. wheat crop, and as a result .soaring food prices worldwide, the Chicago Mercantile Exchange wheat futures hit a new high of 125 years. .In the next 10 months, soybean prices soared from $ 3.31 a bushel to $ 12.90 a bushel. .In 1973, global food prices rose by 50%. .</ P> <P> now, some old traders worried about a similar crisis could occur again. .On Tuesday, the Chicago Mercantile Exchange wheat futures prices closed at $ 7.25 / bushel, and in June rose when compared to previous low of 71%. .This is the futures contract hit over the past 30 years, the biggest monthly gain. .</ P> <P> food prices last rose in 2008, when wheat futures prices once reached 13 U.S. dollars / bushel, a record history. .That food prices in Haiti, Egypt and Bangladesh and other countries caused a riot. .</ P> <P> the Associated Press reports that this time Russia once again become the core of the problem. .Heat waves and drought led to the Russian wheat crops, not only that, major grain-producing countries Ukraine and Kazakhstan also faces a large area because of drought cut production. .Russia, Ukraine and Kazakhstan is the world's largest wheat exporter, the Middle East and North African countries depend on the food needs of all three countries, the export supply. .</ P> <P> reports that the heat wave and drought led to the Russian wheat crops, the Russian government has ordered a halt to the export of wheat to international markets. .European wheat prices rose by 12%. .</ P>.