Deprecated (16384)CORE/src/Core/functions.php , line 311 ]Code Context
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<title>
LATEST NEWS UPDATES | Russian drought could push up food prices by Richard Wray </title>
<meta name="description" content="
Russia is the world's second largest producer of barley after the EU and the cereal crop is used by many farmers as animal feed.
Shoppers could see the cost of the meat and poultry in their baskets rise as the price..."/>
<meta name="keywords" content="Agriculture,Inflation"/>
<meta name="news_keywords" content="Agriculture,Inflation">
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<h1 class="cat-box-title">Russian drought could push up food prices by Richard Wray</h1>
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<p align="justify"><font ></font></p><p align="justify"><font ><em>Russia is the world's second largest producer of barley after the EU and the cereal crop is used by many farmers as animal feed.<br /></em></font></p><p align="justify"><font >Shoppers could see the cost of the meat and poultry in their baskets rise as the price of barley has more than doubled over the past six weeks due to continued fears over the drought affecting Russia and Ukraine.</font></p><p align="justify"><font >Russia is the world's second largest producer of barley after the EU and the cereal crop is used by many farmers as animal feed. The recent price rise could also have a possible knock-on effect on the cost of beer as a significant proportion of the remainder of barley production goes into the brewing trade on both sides of the Atlantic.</font></p><p align="justify"><font >Barley is the latest commodity to see a dramatic price rise in recent weeks.</font></p><p align="justify"><font >The worst drought for generations in Russia has already caused a 50 per cent jump in the price of wheat, the world's most-consumed cereal, since June, and last week President Vladimir Putin announced that Russia would freeze grain exports. Attention is also being focused on Australia, the world's fourth largest exporter of wheat, where this year's crop may be hit by dry weather in Western Australia, which accounts for 40 per cent of exports. Prices have also been put under pressure by very wet weather in Canada at planting time, which reduced acreage.</font></p><p align="justify"><font >But some commodity analysts have blamed speculators for pushing up the price of wheat and barley. Russian wheat, for instance, is mainly exported to West Asia, which has access to stocks from other areas, while strong harvests are expected in Europe and the U.S.</font></p><p align="justify"><font >Traders are awaiting a key U.S. Department of Agriculture report on stocks and production which is due out on Thursday and ahead of the report some speculators have cashed in their profits. The current projection is for the 2010/11 global wheat stock to be 187 million tonnes, one-third higher than in 2007/08 when commodity prices were squeezed dramatically higher. <em>— © Guardian Newspapers Limited, 2010</em></font></p><p align="justify"><font ></font></p>
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<br><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm" class="re" target="_blank">The Hindu, 10 August, 2010, http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</a><div class="clear"></div>
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<h1 class="cat-box-title">Russian drought could push up food prices by Richard Wray</h1>
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Published on</span><span class="text-date"> Aug 10, 2010</span>
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<p align="justify"><font ></font></p><p align="justify"><font ><em>Russia is the world's second largest producer of barley after the EU and the cereal crop is used by many farmers as animal feed.<br /></em></font></p><p align="justify"><font >Shoppers could see the cost of the meat and poultry in their baskets rise as the price of barley has more than doubled over the past six weeks due to continued fears over the drought affecting Russia and Ukraine.</font></p><p align="justify"><font >Russia is the world's second largest producer of barley after the EU and the cereal crop is used by many farmers as animal feed. The recent price rise could also have a possible knock-on effect on the cost of beer as a significant proportion of the remainder of barley production goes into the brewing trade on both sides of the Atlantic.</font></p><p align="justify"><font >Barley is the latest commodity to see a dramatic price rise in recent weeks.</font></p><p align="justify"><font >The worst drought for generations in Russia has already caused a 50 per cent jump in the price of wheat, the world's most-consumed cereal, since June, and last week President Vladimir Putin announced that Russia would freeze grain exports. Attention is also being focused on Australia, the world's fourth largest exporter of wheat, where this year's crop may be hit by dry weather in Western Australia, which accounts for 40 per cent of exports. Prices have also been put under pressure by very wet weather in Canada at planting time, which reduced acreage.</font></p><p align="justify"><font >But some commodity analysts have blamed speculators for pushing up the price of wheat and barley. Russian wheat, for instance, is mainly exported to West Asia, which has access to stocks from other areas, while strong harvests are expected in Europe and the U.S.</font></p><p align="justify"><font >Traders are awaiting a key U.S. Department of Agriculture report on stocks and production which is due out on Thursday and ahead of the report some speculators have cashed in their profits. The current projection is for the 2010/11 global wheat stock to be 187 million tonnes, one-third higher than in 2007/08 when commodity prices were squeezed dramatically higher. <em>— © Guardian Newspapers Limited, 2010</em></font></p><p align="justify"><font ></font></p>
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<br><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm" class="re" target="_blank">The Hindu, 10 August, 2010, http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</a><div class="clear"></div>
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LATEST NEWS UPDATES | Russian drought could push up food prices by Richard Wray </title>
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<p align="justify"><font ></font></p><p align="justify"><font ><em>Russia is the world's second largest producer of barley after the EU and the cereal crop is used by many farmers as animal feed.<br /></em></font></p><p align="justify"><font >Shoppers could see the cost of the meat and poultry in their baskets rise as the price of barley has more than doubled over the past six weeks due to continued fears over the drought affecting Russia and Ukraine.</font></p><p align="justify"><font >Russia is the world's second largest producer of barley after the EU and the cereal crop is used by many farmers as animal feed. The recent price rise could also have a possible knock-on effect on the cost of beer as a significant proportion of the remainder of barley production goes into the brewing trade on both sides of the Atlantic.</font></p><p align="justify"><font >Barley is the latest commodity to see a dramatic price rise in recent weeks.</font></p><p align="justify"><font >The worst drought for generations in Russia has already caused a 50 per cent jump in the price of wheat, the world's most-consumed cereal, since June, and last week President Vladimir Putin announced that Russia would freeze grain exports. Attention is also being focused on Australia, the world's fourth largest exporter of wheat, where this year's crop may be hit by dry weather in Western Australia, which accounts for 40 per cent of exports. Prices have also been put under pressure by very wet weather in Canada at planting time, which reduced acreage.</font></p><p align="justify"><font >But some commodity analysts have blamed speculators for pushing up the price of wheat and barley. Russian wheat, for instance, is mainly exported to West Asia, which has access to stocks from other areas, while strong harvests are expected in Europe and the U.S.</font></p><p align="justify"><font >Traders are awaiting a key U.S. Department of Agriculture report on stocks and production which is due out on Thursday and ahead of the report some speculators have cashed in their profits. The current projection is for the 2010/11 global wheat stock to be 187 million tonnes, one-third higher than in 2007/08 when commodity prices were squeezed dramatically higher. <em>— © Guardian Newspapers Limited, 2010</em></font></p><p align="justify"><font ></font></p>
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<br><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm" class="re" target="_blank">The Hindu, 10 August, 2010, http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</a><div class="clear"></div>
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LATEST NEWS UPDATES | Russian drought could push up food prices by Richard Wray
Russian drought could push up food prices by Richard Wray
Aug 10, 2010
Aug 10, 2010
Russia is the world's second largest producer of barley after the EU and the cereal crop is used by many farmers as animal feed.
Shoppers could see the cost of the meat and poultry in their baskets rise as the price of barley has more than doubled over the past six weeks due to continued fears over the drought affecting Russia and Ukraine.
Russia is the world's second largest producer of barley after the EU and the cereal crop is used by many farmers as animal feed. The recent price rise could also have a possible knock-on effect on the cost of beer as a significant proportion of the remainder of barley production goes into the brewing trade on both sides of the Atlantic.
Barley is the latest commodity to see a dramatic price rise in recent weeks.
The worst drought for generations in Russia has already caused a 50 per cent jump in the price of wheat, the world's most-consumed cereal, since June, and last week President Vladimir Putin announced that Russia would freeze grain exports. Attention is also being focused on Australia, the world's fourth largest exporter of wheat, where this year's crop may be hit by dry weather in Western Australia, which accounts for 40 per cent of exports. Prices have also been put under pressure by very wet weather in Canada at planting time, which reduced acreage.
But some commodity analysts have blamed speculators for pushing up the price of wheat and barley. Russian wheat, for instance, is mainly exported to West Asia, which has access to stocks from other areas, while strong harvests are expected in Europe and the U.S.
Traders are awaiting a key U.S. Department of Agriculture report on stocks and production which is due out on Thursday and ahead of the report some speculators have cashed in their profits. The current projection is for the 2010/11 global wheat stock to be 187 million tonnes, one-third higher than in 2007/08 when commodity prices were squeezed dramatically higher. — © Guardian Newspapers Limited, 2010
The Hindu, 10 August, 2010, http://www.hindu.com/2010/08/10/stories/2010081051341100.htm
Published on Aug 10, 2010
Modified on Aug 10, 2010
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