Eurepean Union with great crop
In this agriculture year Europe enjoys an excellent harvest and the EU forecast that the northern hemisphere in the prices of food products will be lower - after months filled with riots of poor food. The published forecasts, which are a positive signal for cheaper food, although to play and other factors - has been appointed spokesman of the European Commission.
It is expected that U.S. agricultural production also rose in August. The United States is the largest exporter of wheat. Australia, where the harvest was affected by the great drought, experiencing rain in recent weeks. In the European Union total harvest (including potatoes, sugar beet and sunflower) will reach 301 million tons. This is 16% more than the proceeds in 2007 and nine percent above the average production for the past five years.
For best results have helped to rising prices, which represent a large incentive for farmers - and the elimination of European regulation should be left aside areas. It should be thanked and climate. In Paris peak in the price of wheat was reached in February with a price 248 euros per tonne. On Tuesday November Aysha wheat supply 26% less - 183.75 euros per tonne. Countries that rely on the international market for its supplies, such as Pakistan and Tunisia, rushed to buy the necessary quantities at their current low prices.
Labels: Financial News
posted by Zoritza Petrova @ 10:36 PM
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