Food prices to rise after wet summer hits harvests

Posted by BusinessGreen: None Given on October 10th, 2012
BusinessGreen: Food prices look set to rise after the second wettest summer on record damaged harvests in England and Wales. Wheat yields are down over 14 per cent on the five-year average, hitting the lowest levels since the 1980s, according to a new survey from the National Farming Union (NFU). Food prices were already on the rise following the worst drought in 50 years in the US and a heatwave in Russia. Over the past 12 months the global price of wheat has soared around 30 per cent, while overall global......

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