Tag: US Midwest

US Midwest
Thursday, August 16th 2012 - 20:07 UTC

Wheat futures up in the US and Europe on fears Russia might restrict exports

Drought and insufficient rains punishing Australia and central Europe, besides the US

US and European wheat futures gained again on Thursday as importers took advantage of a price fall earlier in the week and as operators continued to anticipate Russia would drop out of export markets in the coming months due to drought-hit supply.

Friday, August 10th 2012 - 07:35 UTC

FAO warns countries against a repeat of the 2007/08 food prices crisis

Export restrictions on grains made grains dearer and helped trigger food riots

The world could face a food crisis of the kind seen in 2007/08 if countries restrict exports on concerns about a drought-fuelled grain price rally, the UN food agency FAO warned, after reporting a surge in global food prices in July.

Monday, July 30th 2012 - 23:28 UTC

As world food-prices soar World Bank says it is ready to help countries

Soy beans have soared 30% in the last two months and 60% since last year

The World Bank on Monday said it stood ready to help governments respond to a broad-based run-up in grain prices that has again put the world’s poorest people at risk and could have lingering detrimental impacts for years.

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