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.


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