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.

FREE NEWS UPDATE

CLICK HERE to receive FWis FREE new daily email newsletter to keep up-to-date with the latest news of foot-and-mouth and other farming-related stories



See more