The sharp rise in the price of wheat is fixed on world markets

The sharp rise in wheat prices has occurred in world grain markets due to major flooding in eastern Australia. Strong growth in wheat prices — more than 13% of the current trading week ended on world grain markets. During trading on Friday bushel of wheat price reached 7.82 dollars.

Corn fell slightly in price by 0.25 cents to 5.6025 U.S. dollars to 5.6 dollars per bushel (205.2 dollars per ton). Soybeans rose in price by 6.75 cents to $ 12.7675 a 12,835 dollars per bushel, or 0.5% ($ 470 per ton).

The demand for wheat has increased as a result

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The world grain market there is a shortage of wheat

March 21, 14:57. Global demand for wheat is 15.4 million tons exceeds the amount collected in the current agricultural year of the crop. With this assessment by the Ministry of Agriculture of the USA. His calculations common today on the world grain market.

Such a large deficit of the new wheat crop was not the last 4 years. It was noted in the 2010 floods and drought in various parts of the world have caused significant crop losses of wheat.

As a result, grain exchanges now had a steady excess of demand over supply. To eliminate the deficit, many countries

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Global food production could fall

Climate change in the coming decade, in which severe drought is expected in China and North America, could have a negative impact on food production, predicts the World Meteorological Organization (WMO).

"Abrupt climate change will become more frequent in the future, especially the heat waves and heavy precipitation, — said the head of the WMO Omar Baddur in an interview Bloomberg. — These factors, together with a decrease in rainfall in some regions, including the Mediterranean and China have an impact on agriculture and crops. "

The most dramatic change in the weather, including the U.S., may reduce

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