Wheat prices set to soar by 35%
29 June 2001
Wheat prices set to soar by 35%
By FWi staff
GLOBAL wheat prices could rise by nearly 35% over the next two years, reports the Financial Times.
The Economist Intelligence Unit believes soft commodity prices are on the up, with a sharp increase on the cards for next year.
The unit says, because consumption will exceed supply, wheat prices will increase by 13.8% this year and a further 21.5% next.
It also believes that oilseeds will rise by nearly 20% in 2002 and sugar could rise 12% this year.
The increase means millers and bakers will face even harder times ahead, reports the paper.
- Wheat harvest set for 13-year low, FWi, 27 June, 2001
- Bread price boom denied by Hovis, FWi, 26 June, 2001
- Horror harvest to hit bread prices, FWi, 26 June, 2001
- Wheat prospects lowest since 1988, FWi, 13 April, 2001
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