Showing posts with label maize. Show all posts
Showing posts with label maize. Show all posts

Saturday, 1 September 2012

Drought

Global food prices rose 10% in July according to the World Bank's food price index due to the drought across the USA midwest, Russia and Europe.


Maize and wheat prices rose 25% and soybean prices 17% during the period June - July.


The highest price increases were seen in Africa with maize rising 113% in Mozambique and sorghum rising 220% in southern Sudan.


Despite the rising prices, the organization said it does not predict people will riot as they did in 2008 when food prices last spiked to record levels.

Wednesday, 25 July 2012

Heat Wave and Drought

Heat waves hit southern Europe, wilting the corn crop and reducing yields. Corn supplies are expected to be under severe pressure worldwide over the present season. Southern Africa estimates a shortfall of more than 8 million tonnes. Corn/maize being the staple food for millions of people in the region.