U.S. hard red winter wheat represents nearly half of the country's overall wheat production and is milled mainly for bread flour. A reduced crop could further stoke food inflation that the United Nations Food and Agriculture Organization (FAO) said was the highest-ever in February. The FAO's Food Price Index averaged 140.7 points last month, a 20.7% increase from a year earlier and surpassing the 2011 record.
U.S. hard red winter wheat represents nearly half of the country's overall wheat production and is milled mainly for bread flour. A reduced crop could further stoke food inflation that the United Nations Food and Agriculture Organization (FAO) said was the highest-ever in February. The FAO's Food Price Index averaged 140.7 points last month, a 20.7% increase from a year earlier and surpassing the 2011 record.
By Karl Plume (Reuters) - A worsening drought in the southern U.S. Plains is threatening the region's winter wheat crop just as the Ukraine crisis den.
U.S. hard red winter wheat represents nearly half of the country's overall wheat production and is milled mainly for bread flour. A reduced crop could further stoke food inflation that the United Nations Food and Agriculture Organization (FAO) said was the highest-ever in February. The FAO's Food Price Index averaged 140.7 points last month, a 20.7% increase from a year earlier and surpassing the 2011 record.
U.S. hard red winter wheat represents nearly half of the country's overall wheat production and is milled mainly for bread flour. A reduced crop could further stoke food inflation that the United Nations Food and Agriculture Organization (FAO) said was the highest-ever in February. The FAO's Food Price Index averaged 140.7 points last month, a 20.7% increase from a year earlier and surpassing the 2011 record.