Global grain production will tumble by 63 million metric tons this year, or 2%, mainly because of weather-related calamities like the Russian heat wave, the United Nations estimates. Rising demand and lower-than-expected yields caused stocks of some grains to fall sharply and generated high volatility in world food markets in the latter half of the year. According to the UN, good yields in regions with poor food security like East Africa eased the pain of sharp rises in world grain prices this year. Read more here.
Posted on November 30, 2010 by idasa