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Stephen Jardine: Rain puts damper on food prospects
date:Oct 13, 2012
oying 45 per cent of the staple corn crop, and in Russia a heatwave has cut the wheat harvest by a third.

We are going to see a global shortage of wheat and increased competition for supplies will push the price up impacting on a number of things.

With 50 per cent worldwide being used to feed animals, wheat has a crucial role to play in our overall agricultural ecosystem. If the price of wheat goes up, the price of red meat and poultry wont be far behind.

Poorest shoppers will suffer most wit

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