06 August 2010

80 Per Cent Rise in Wheat Price

Could the price of a loaf of bread or a bowl of pasta be on the rise?

As if consumers need more price hikes in the aftermath of the deep recession (which is still threatening to return)...

Due to a strict export ban on wheat in Russia, which is in place until December 1, wheat prices on the futures market have surged by 80% since June.

While traders cope with the massive rise, regular consumers are beginning to worry about the price on the high street.

So far, market insiders have said that the situation remains contained.

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