Fears of a global food crisis swept the world’s commodity markets as prices for staples such as corn, rice and wheat spiralled after the US government warned of “dramatically” lower supplies.
An especially hot summer in the US, droughts in countries including Russia and Brazil and heavy rain in Canada and Europe have hit many grain and oilseed crops this year. This has raising concern of a severe squeeze in food supplies and a repeat of the 2007-08 food crisis.
EDITOR’S CHOICE
Lex: Commodities: self-defeating rally? - Oct-08In depth: Global food crisis - Oct-08Wheat and corn rise as Ukraine limits exports - Oct-07Russia put to the test by grain shortage - Oct-04Japan faces food pressure from China - Oct-04beyondbrics: Food file - Oct-05The US Department of Agriculture, in a closely watched report, predicted that the country’s stocks of corn would halve to their lowest levels in 14 years.
http://www.ft.com/cms/s/0/12b06cee-d300-11df-9ae9-00144feabdc0.html
No comments:
Post a Comment