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Food prices expected to rise after second wettest summer on record


Mr lex
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The second wettest summer on record has blighted UK harvests and will lead to food price rises, farmers and retailers have warned.

Wheat yields in England are down by almost 15% on the five-year average, the National Farmers' Union (NFU) reported, with some areas in the west of England suffering worst from the summer rain.

The world price of grain has already been rising in recent months following a heatwave in Russia and the worst drought in 50 years in the US, which destroyed 45% of corn and 35% of the soya bean crop.

 

Read more here :- http://www.guardian.co.uk/environment/2012/oct/10/food-prices-rise-wettest-summer?fb=native&CMP=FBCNETTXT9038

 

Farmers are taking the first hit as feed wheat and compond foods for stock have risen by £50 a tonne this month !!!

 

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Advice & opinions given by me are personal, are not endorsed by the Consumer Action Group or the Bank Action Group. Should you be in any doubt, you are advised to seek the opinion of a qualified professional.

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