US drought threatens price of food as hot weather fries corn

Posted by Washington Post: Juliet Eilperin on July 11th, 2012
Guardian: The worst drought to hit the United States in nearly 25 years is threatening to drive up food prices around the world. The price of corn, the staple crop of much of the midwest and the prairies, has risen by a third in the past month and rose again on Wednesday after a US government report said farmers would not yield as much from their parched fields as expected. Higher prices are likely to be passed on in the cost of hamburgers and steak and also affect a range of other foods such as corn flakes......

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