Rising Wheat Price Could Undermine Food Security – Future Directions International


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.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s