- Today's Hot Chat Topics
- Member Benefits
- Manage your personalised Watchlist.
- Set up an online Virtual Portfolio.
- Participate in Share Chat.
- See more trades and director dealings.
- Play the Fantasy Share Trading Game.
Share:
HomeShare PricesShare ChatFinance News
Sharecast NewsRegulatory NewsBlogsLive PricesShares BookshopFinance ToolsMembers
Sharecast NewsRegulatory NewsBlogsLive PricesShares BookshopFinance ToolsMembers
Latest Share Chat
ShareCast News
Fears over food crisis sparked by drought in US
Fri, 10th Aug 2012 15:39
Concerns have risen over the possibility of another food crisis after a government report revealed the serious drought currently blanketing parts of the US has attacked crops across the Midwest, pushing corn prices to a record high.
On Friday prices were up 0.73% to 829.75¢ per bushel, having risen over 60% in the past seven weeks.
The report confirmed that the crop is likely to a hit a six year low with supply plunging 13%.
The US Department of Agriculture warned the drought, which has resulted in the poorest conditions since 1988, will limit this year's harvest to 10.779bn bushels, significantly down on the 12.358bn bushels harvested last year.
There was a food crisis in 2008 that sparked riots across a number of countries including Mexico and Egypt.
NR
On Friday prices were up 0.73% to 829.75¢ per bushel, having risen over 60% in the past seven weeks.
The report confirmed that the crop is likely to a hit a six year low with supply plunging 13%.
The US Department of Agriculture warned the drought, which has resulted in the poorest conditions since 1988, will limit this year's harvest to 10.779bn bushels, significantly down on the 12.358bn bushels harvested last year.
There was a food crisis in 2008 that sparked riots across a number of countries including Mexico and Egypt.
NR
