Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801353738722-trace').style.display = (document.getElementById('cakeErr6801353738722-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6801353738722-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801353738722-code').style.display = (document.getElementById('cakeErr6801353738722-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801353738722-context').style.display = (document.getElementById('cakeErr6801353738722-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6801353738722-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country&amp;rsquo;s railroad monopoly said on Friday it will stop loading grain for export from Saturday.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The speed of the move shocked Russia&amp;rsquo;s Grain Union, the country&amp;rsquo;s main industry lobby, which pleaded with the government on Friday to delay the ban until September 1.&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Russia had been the world&amp;rsquo;s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Effectively, a big chunk of the global market is off-line &amp;mdash; there&amp;rsquo;s going to be something like 5 million tonnes that aren&amp;rsquo;t going to be available for export,&amp;rdquo; said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Stocks are close to 50 per cent higher today (than they were during the last price spike in early 2008). You had a completely different scenario then,&amp;rdquo; said Barclays Capital analyst Sudakshina Unnikrishnan.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Persistent high prices could, however, drive fear of food inflation in key buyers such as Indonesia and the Philippines.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;If prices remain elevated for a sustained period, then the probability of upward adjustment in retail price of wheat and its derivatives goes up,&amp;rdquo; Barclays Capital said in a report.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;However, food prices tend to be politically sensitive, so we can expect some action from Asian governments,&amp;rdquo; it added.&lt;/font&gt;
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Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.


Russian Prime Minister Vladimir Putin moved decisively...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country&amp;rsquo;s railroad monopoly said on Friday it will stop loading grain for export from Saturday.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The speed of the move shocked Russia&amp;rsquo;s Grain Union, the country&amp;rsquo;s main industry lobby, which pleaded with the government on Friday to delay the ban until September 1.&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Russia had been the world&amp;rsquo;s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;Effectively, a big chunk of the global market is off-line &amp;mdash; there&amp;rsquo;s going to be something like 5 million tonnes that aren&amp;rsquo;t going to be available for export,&amp;rdquo; said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;Stocks are close to 50 per cent higher today (than they were during the last price spike in early 2008). You had a completely different scenario then,&amp;rdquo; said Barclays Capital analyst Sudakshina Unnikrishnan.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Persistent high prices could, however, drive fear of food inflation in key buyers such as Indonesia and the Philippines.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;If prices remain elevated for a sustained period, then the probability of upward adjustment in retail price of wheat and its derivatives goes up,&amp;rdquo; Barclays Capital said in a report.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;However, food prices tend to be politically sensitive, so we can expect some action from Asian governments,&amp;rdquo; it added.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&lt;/font&gt;&lt;/p&gt;&#039;,
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.&lt;/font&gt;
&lt;/p&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country&amp;rsquo;s railroad monopoly said on Friday it will stop loading grain for export from Saturday.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The speed of the move shocked Russia&amp;rsquo;s Grain Union, the country&amp;rsquo;s main industry lobby, which pleaded with the government on Friday to delay the ban until September 1.&lt;br /&gt;
&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Russia had been the world&amp;rsquo;s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops.&lt;/font&gt;
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&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Effectively, a big chunk of the global market is off-line &amp;mdash; there&amp;rsquo;s going to be something like 5 million tonnes that aren&amp;rsquo;t going to be available for export,&amp;rdquo; said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney.&lt;/font&gt;
&lt;/p&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Stocks are close to 50 per cent higher today (than they were during the last price spike in early 2008). You had a completely different scenario then,&amp;rdquo; said Barclays Capital analyst Sudakshina Unnikrishnan.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Persistent high prices could, however, drive fear of food inflation in key buyers such as Indonesia and the Philippines.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;If prices remain elevated for a sustained period, then the probability of upward adjustment in retail price of wheat and its derivatives goes up,&amp;rdquo; Barclays Capital said in a report.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;However, food prices tend to be politically sensitive, so we can expect some action from Asian governments,&amp;rdquo; it added.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&lt;/font&gt;
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Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.


Russian Prime Minister Vladimir Putin moved decisively...&#039;
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Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.


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                <strong>Wheat rises, food shares fall on Russia export ban</strong></h1>
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                <p align="justify"><font ></font></p><p align="justify"><font >Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.</font></p><p align="justify"><font >Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country&rsquo;s railroad monopoly said on Friday it will stop loading grain for export from Saturday.</font></p><p align="justify"><font >The speed of the move shocked Russia&rsquo;s Grain Union, the country&rsquo;s main industry lobby, which pleaded with the government on Friday to delay the ban until September 1.<br /></font></p><p align="justify"><font >Russia had been the world&rsquo;s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops.</font></p><p align="justify"><font >&ldquo;Effectively, a big chunk of the global market is off-line &mdash; there&rsquo;s going to be something like 5 million tonnes that aren&rsquo;t going to be available for export,&rdquo; said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney.</font></p><p align="justify"><font >Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value.</font></p><p align="justify"><font >Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June.</font></p><p align="justify"><font >The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world.</font></p><p align="justify"><font >Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history.</font></p><p align="justify"><font >&ldquo;Stocks are close to 50 per cent higher today (than they were during the last price spike in early 2008). You had a completely different scenario then,&rdquo; said Barclays Capital analyst Sudakshina Unnikrishnan.</font></p><p align="justify"><font >Persistent high prices could, however, drive fear of food inflation in key buyers such as Indonesia and the Philippines.</font></p><p align="justify"><font >&ldquo;If prices remain elevated for a sustained period, then the probability of upward adjustment in retail price of wheat and its derivatives goes up,&rdquo; Barclays Capital said in a report.</font></p><p align="justify"><font >&ldquo;However, food prices tend to be politically sensitive, so we can expect some action from Asian governments,&rdquo; it added.</font></p><p align="justify"><font ></font></p>               </font>
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country&amp;rsquo;s railroad monopoly said on Friday it will stop loading grain for export from Saturday.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The speed of the move shocked Russia&amp;rsquo;s Grain Union, the country&amp;rsquo;s main industry lobby, which pleaded with the government on Friday to delay the ban until September 1.&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Russia had been the world&amp;rsquo;s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Effectively, a big chunk of the global market is off-line &amp;mdash; there&amp;rsquo;s going to be something like 5 million tonnes that aren&amp;rsquo;t going to be available for export,&amp;rdquo; said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history.&lt;/font&gt;
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Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.


Russian Prime Minister Vladimir Putin moved decisively...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country&amp;rsquo;s railroad monopoly said on Friday it will stop loading grain for export from Saturday.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The speed of the move shocked Russia&amp;rsquo;s Grain Union, the country&amp;rsquo;s main industry lobby, which pleaded with the government on Friday to delay the ban until September 1.&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Russia had been the world&amp;rsquo;s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;Effectively, a big chunk of the global market is off-line &amp;mdash; there&amp;rsquo;s going to be something like 5 million tonnes that aren&amp;rsquo;t going to be available for export,&amp;rdquo; said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;Stocks are close to 50 per cent higher today (than they were during the last price spike in early 2008). You had a completely different scenario then,&amp;rdquo; said Barclays Capital analyst Sudakshina Unnikrishnan.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Persistent high prices could, however, drive fear of food inflation in key buyers such as Indonesia and the Philippines.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;If prices remain elevated for a sustained period, then the probability of upward adjustment in retail price of wheat and its derivatives goes up,&amp;rdquo; Barclays Capital said in a report.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;However, food prices tend to be politically sensitive, so we can expect some action from Asian governments,&amp;rdquo; it added.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&lt;/font&gt;&lt;/p&gt;&#039;,
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country&amp;rsquo;s railroad monopoly said on Friday it will stop loading grain for export from Saturday.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The speed of the move shocked Russia&amp;rsquo;s Grain Union, the country&amp;rsquo;s main industry lobby, which pleaded with the government on Friday to delay the ban until September 1.&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Russia had been the world&amp;rsquo;s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Effectively, a big chunk of the global market is off-line &amp;mdash; there&amp;rsquo;s going to be something like 5 million tonnes that aren&amp;rsquo;t going to be available for export,&amp;rdquo; said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Stocks are close to 50 per cent higher today (than they were during the last price spike in early 2008). You had a completely different scenario then,&amp;rdquo; said Barclays Capital analyst Sudakshina Unnikrishnan.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Persistent high prices could, however, drive fear of food inflation in key buyers such as Indonesia and the Philippines.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;If prices remain elevated for a sustained period, then the probability of upward adjustment in retail price of wheat and its derivatives goes up,&amp;rdquo; Barclays Capital said in a report.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;However, food prices tend to be politically sensitive, so we can expect some action from Asian governments,&amp;rdquo; it added.&lt;/font&gt;
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Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.


Russian Prime Minister Vladimir Putin moved decisively...&#039;
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Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.


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                <strong>Wheat rises, food shares fall on Russia export ban</strong></h1>
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                <p align="justify"><font ></font></p><p align="justify"><font >Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.</font></p><p align="justify"><font >Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country&rsquo;s railroad monopoly said on Friday it will stop loading grain for export from Saturday.</font></p><p align="justify"><font >The speed of the move shocked Russia&rsquo;s Grain Union, the country&rsquo;s main industry lobby, which pleaded with the government on Friday to delay the ban until September 1.<br /></font></p><p align="justify"><font >Russia had been the world&rsquo;s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops.</font></p><p align="justify"><font >&ldquo;Effectively, a big chunk of the global market is off-line &mdash; there&rsquo;s going to be something like 5 million tonnes that aren&rsquo;t going to be available for export,&rdquo; said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney.</font></p><p align="justify"><font >Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value.</font></p><p align="justify"><font >Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June.</font></p><p align="justify"><font >The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world.</font></p><p align="justify"><font >Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history.</font></p><p align="justify"><font >&ldquo;Stocks are close to 50 per cent higher today (than they were during the last price spike in early 2008). You had a completely different scenario then,&rdquo; said Barclays Capital analyst Sudakshina Unnikrishnan.</font></p><p align="justify"><font >Persistent high prices could, however, drive fear of food inflation in key buyers such as Indonesia and the Philippines.</font></p><p align="justify"><font >&ldquo;If prices remain elevated for a sustained period, then the probability of upward adjustment in retail price of wheat and its derivatives goes up,&rdquo; Barclays Capital said in a report.</font></p><p align="justify"><font >&ldquo;However, food prices tend to be politically sensitive, so we can expect some action from Asian governments,&rdquo; it added.</font></p><p align="justify"><font ></font></p>               </font>
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country&amp;rsquo;s railroad monopoly said on Friday it will stop loading grain for export from Saturday.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The speed of the move shocked Russia&amp;rsquo;s Grain Union, the country&amp;rsquo;s main industry lobby, which pleaded with the government on Friday to delay the ban until September 1.&lt;br /&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Russia had been the world&amp;rsquo;s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Effectively, a big chunk of the global market is off-line &amp;mdash; there&amp;rsquo;s going to be something like 5 million tonnes that aren&amp;rsquo;t going to be available for export,&amp;rdquo; said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Stocks are close to 50 per cent higher today (than they were during the last price spike in early 2008). You had a completely different scenario then,&amp;rdquo; said Barclays Capital analyst Sudakshina Unnikrishnan.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Persistent high prices could, however, drive fear of food inflation in key buyers such as Indonesia and the Philippines.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;If prices remain elevated for a sustained period, then the probability of upward adjustment in retail price of wheat and its derivatives goes up,&amp;rdquo; Barclays Capital said in a report.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;However, food prices tend to be politically sensitive, so we can expect some action from Asian governments,&amp;rdquo; it added.&lt;/font&gt;
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Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.


Russian Prime Minister Vladimir Putin moved decisively...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country&amp;rsquo;s railroad monopoly said on Friday it will stop loading grain for export from Saturday.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The speed of the move shocked Russia&amp;rsquo;s Grain Union, the country&amp;rsquo;s main industry lobby, which pleaded with the government on Friday to delay the ban until September 1.&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Russia had been the world&amp;rsquo;s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;Effectively, a big chunk of the global market is off-line &amp;mdash; there&amp;rsquo;s going to be something like 5 million tonnes that aren&amp;rsquo;t going to be available for export,&amp;rdquo; said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;Stocks are close to 50 per cent higher today (than they were during the last price spike in early 2008). You had a completely different scenario then,&amp;rdquo; said Barclays Capital analyst Sudakshina Unnikrishnan.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Persistent high prices could, however, drive fear of food inflation in key buyers such as Indonesia and the Philippines.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;If prices remain elevated for a sustained period, then the probability of upward adjustment in retail price of wheat and its derivatives goes up,&amp;rdquo; Barclays Capital said in a report.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&amp;ldquo;However, food prices tend to be politically sensitive, so we can expect some action from Asian governments,&amp;rdquo; it added.&lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;&lt;/font&gt;&lt;/p&gt;&#039;,
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.&lt;/font&gt;
&lt;/p&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country&amp;rsquo;s railroad monopoly said on Friday it will stop loading grain for export from Saturday.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The speed of the move shocked Russia&amp;rsquo;s Grain Union, the country&amp;rsquo;s main industry lobby, which pleaded with the government on Friday to delay the ban until September 1.&lt;br /&gt;
&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Russia had been the world&amp;rsquo;s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops.&lt;/font&gt;
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&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Effectively, a big chunk of the global market is off-line &amp;mdash; there&amp;rsquo;s going to be something like 5 million tonnes that aren&amp;rsquo;t going to be available for export,&amp;rdquo; said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Stocks are close to 50 per cent higher today (than they were during the last price spike in early 2008). You had a completely different scenario then,&amp;rdquo; said Barclays Capital analyst Sudakshina Unnikrishnan.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Persistent high prices could, however, drive fear of food inflation in key buyers such as Indonesia and the Philippines.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;If prices remain elevated for a sustained period, then the probability of upward adjustment in retail price of wheat and its derivatives goes up,&amp;rdquo; Barclays Capital said in a report.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;However, food prices tend to be politically sensitive, so we can expect some action from Asian governments,&amp;rdquo; it added.&lt;/font&gt;
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Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.


Russian Prime Minister Vladimir Putin moved decisively...&#039;
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Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.


Russian Prime Minister Vladimir Putin moved decisively..."/>
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                <strong>Wheat rises, food shares fall on Russia export ban</strong></h1>
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                <p align="justify"><font ></font></p><p align="justify"><font >Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.</font></p><p align="justify"><font >Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country&rsquo;s railroad monopoly said on Friday it will stop loading grain for export from Saturday.</font></p><p align="justify"><font >The speed of the move shocked Russia&rsquo;s Grain Union, the country&rsquo;s main industry lobby, which pleaded with the government on Friday to delay the ban until September 1.<br /></font></p><p align="justify"><font >Russia had been the world&rsquo;s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops.</font></p><p align="justify"><font >&ldquo;Effectively, a big chunk of the global market is off-line &mdash; there&rsquo;s going to be something like 5 million tonnes that aren&rsquo;t going to be available for export,&rdquo; said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney.</font></p><p align="justify"><font >Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value.</font></p><p align="justify"><font >Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June.</font></p><p align="justify"><font >The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world.</font></p><p align="justify"><font >Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history.</font></p><p align="justify"><font >&ldquo;Stocks are close to 50 per cent higher today (than they were during the last price spike in early 2008). You had a completely different scenario then,&rdquo; said Barclays Capital analyst Sudakshina Unnikrishnan.</font></p><p align="justify"><font >Persistent high prices could, however, drive fear of food inflation in key buyers such as Indonesia and the Philippines.</font></p><p align="justify"><font >&ldquo;If prices remain elevated for a sustained period, then the probability of upward adjustment in retail price of wheat and its derivatives goes up,&rdquo; Barclays Capital said in a report.</font></p><p align="justify"><font >&ldquo;However, food prices tend to be politically sensitive, so we can expect some action from Asian governments,&rdquo; it added.</font></p><p align="justify"><font ></font></p>               </font>
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<font face="arial,helvetica,sans-serif" size="3">Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.</font>
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<font face="arial,helvetica,sans-serif" size="3">Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country&rsquo;s railroad monopoly said on Friday it will stop loading grain for export from Saturday.</font>
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<font face="arial,helvetica,sans-serif" size="3">The speed of the move shocked Russia&rsquo;s Grain Union, the country&rsquo;s main industry lobby, which pleaded with the government on Friday to delay the ban until September 1.<br />
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<font face="arial,helvetica,sans-serif" size="3">Russia had been the world&rsquo;s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops.</font>
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<font face="arial,helvetica,sans-serif" size="3">&ldquo;Effectively, a big chunk of the global market is off-line &mdash; there&rsquo;s going to be something like 5 million tonnes that aren&rsquo;t going to be available for export,&rdquo; said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney.</font>
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<font face="arial,helvetica,sans-serif" size="3">Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value.</font>
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<font face="arial,helvetica,sans-serif" size="3">Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June.</font>
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<font face="arial,helvetica,sans-serif" size="3">The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world.</font>
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<font face="arial,helvetica,sans-serif" size="3">Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history.</font>
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<font face="arial,helvetica,sans-serif" size="3">&ldquo;Stocks are close to 50 per cent higher today (than they were during the last price spike in early 2008). You had a completely different scenario then,&rdquo; said Barclays Capital analyst Sudakshina Unnikrishnan.</font>
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<font face="arial,helvetica,sans-serif" size="3">&ldquo;If prices remain elevated for a sustained period, then the probability of upward adjustment in retail price of wheat and its derivatives goes up,&rdquo; Barclays Capital said in a report.</font>
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Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.


Russian Prime Minister Vladimir Putin moved decisively...',
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<font face="arial,helvetica,sans-serif" size="3">Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country&rsquo;s railroad monopoly said on Friday it will stop loading grain for export from Saturday.</font>
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<font face="arial,helvetica,sans-serif" size="3">Russia had been the world&rsquo;s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&ldquo;Effectively, a big chunk of the global market is off-line &mdash; there&rsquo;s going to be something like 5 million tonnes that aren&rsquo;t going to be available for export,&rdquo; said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June.</font>
</p>
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<font face="arial,helvetica,sans-serif" size="3">The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history.</font>
</p>
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<font face="arial,helvetica,sans-serif" size="3">&ldquo;Stocks are close to 50 per cent higher today (than they were during the last price spike in early 2008). You had a completely different scenario then,&rdquo; said Barclays Capital analyst Sudakshina Unnikrishnan.</font>
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<font face="arial,helvetica,sans-serif" size="3">&ldquo;If prices remain elevated for a sustained period, then the probability of upward adjustment in retail price of wheat and its derivatives goes up,&rdquo; Barclays Capital said in a report.</font>
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Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.


Russian Prime Minister Vladimir Putin moved decisively...'
$disp = '<p align="justify"><font ></font></p><p align="justify"><font >Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.</font></p><p align="justify"><font >Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country&rsquo;s railroad monopoly said on Friday it will stop loading grain for export from Saturday.</font></p><p align="justify"><font >The speed of the move shocked Russia&rsquo;s Grain Union, the country&rsquo;s main industry lobby, which pleaded with the government on Friday to delay the ban until September 1.<br /></font></p><p align="justify"><font >Russia had been the world&rsquo;s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops.</font></p><p align="justify"><font >&ldquo;Effectively, a big chunk of the global market is off-line &mdash; there&rsquo;s going to be something like 5 million tonnes that aren&rsquo;t going to be available for export,&rdquo; said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney.</font></p><p align="justify"><font >Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value.</font></p><p align="justify"><font >Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June.</font></p><p align="justify"><font >The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world.</font></p><p align="justify"><font >Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history.</font></p><p align="justify"><font >&ldquo;Stocks are close to 50 per cent higher today (than they were during the last price spike in early 2008). You had a completely different scenario then,&rdquo; said Barclays Capital analyst Sudakshina Unnikrishnan.</font></p><p align="justify"><font >Persistent high prices could, however, drive fear of food inflation in key buyers such as Indonesia and the Philippines.</font></p><p align="justify"><font >&ldquo;If prices remain elevated for a sustained period, then the probability of upward adjustment in retail price of wheat and its derivatives goes up,&rdquo; Barclays Capital said in a report.</font></p><p align="justify"><font >&ldquo;However, food prices tend to be politically sensitive, so we can expect some action from Asian governments,&rdquo; it added.</font></p><p align="justify"><font ></font></p>'
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Wheat rises, food shares fall on Russia export ban

Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia. Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country’s railroad monopoly said on Friday it will stop loading grain for export from Saturday. The speed of the move shocked Russia’s Grain Union, the country’s main industry lobby, which pleaded with the government on Friday to delay the ban until September 1. Russia had been the world’s third largest wheat exporter last year but is set to slide down the table this season with the worst drought in more than 100 years devastating crops. “Effectively, a big chunk of the global market is off-line — there’s going to be something like 5 million tonnes that aren’t going to be available for export,” said Matthew Kaleel, a commodities specialist at fund manager H3 Global in Sydney. Shares in Danish brewer Carlsberg, which faces a sharp rise in input costs, lost 4.5 per cent, while food companies such as Nestle and Danone also saw their shares decline in value. Wheat futures on the Chicago Board of Trade rose to a peak of $8.41 a bushel, the highest level in about two years with prices nearly doubling since early June. The rise has revived memories of the surge in prices in early 2008, when US wheat rose above $13 a bushel, which helped to fuel food inflation and led to rioting in many countries across the world. Analysts, however, downplayed the link, adding that world stocks have grown steeply during the last couple of years which saw the two biggest wheat crops in history. “Stocks are close to 50 per cent higher today (than they were during the last price spike in early 2008). You had a completely different scenario then,” said Barclays Capital analyst Sudakshina Unnikrishnan. Persistent high prices could, however, drive fear of food inflation in key buyers such as Indonesia and the Philippines. “If prices remain elevated for a sustained period, then the probability of upward adjustment in retail price of wheat and its derivatives goes up,” Barclays Capital said in a report. “However, food prices tend to be politically sensitive, so we can expect some action from Asian governments,” it added.