Rising Wheat Price Could Undermine Food Security – Future Directions International

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Poor growing conditions in key wheat producing countries are placing upward pressure on the global wheat price. The Cereal Price Index from the Food and Agriculture Organization (FAO) of the United Nations is at a one-year high and 4.2 per cent above the May level, largely due to the global price increase in high-protein wheat. In June, the benchmark United States wheat price averaged US$226 ($293.43) per tonne, a 14 per cent rise from last year. Production levels for this season in the US, Canada, Australia and Europe are predicted to be lower than average due to drought conditions and high temperatures.

http://www.futuredirections.org.au/publication/rising-wheat-price-undermine-food-security/

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