 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Moscow (AFP) Aug 18, 2010 Food prices in Russia, especially of grain-based products like bread, jumped over the last week as the effects of a record heatwave and drought fed into the economy, statistics said Wednesday. State statistics organisation Rosstat said inflation for the week August 10-August 16 was 0.2 percent and 0.4 percent since the start of the month, considerably highter than the rate before the heatwave. The heatwave and ensuing drought have ruined one-quarter of Russia's crops, raising fears of a squeeze on basic food supplies and prices rising as demand outstrips supply. Prime Minister Vladimir Putin has already announced a controversial ban on grain exports until the end of the year in order to keep the Russian market well-supplied. From August 10-16, prices of the staple Russian food buckwheat rose an astonishing 7.3 percent while flour jumped 2.8 percent. Milk rose 1.2 percent and butter was 1.1 percent more expensive. Bread, a crucial component of the Russian diet which is consumed with almost every meal, rose 1.0 percent while sugar rose 0.6 percent. Meat prices were less affected.
Share This Article With Planet Earth
Related Links Farming Today - Suppliers and Technology
Ukraine to limit grain exports due to drought: officialKiev (AFP) Aug 17, 2010 Ukraine is impose a cap on wheat and barley exports until the end of the year due a severe drought, officials said on Tuesday, after a full ban by Russia triggered concern on global grain supplies. Ukraine will export a maximum of 3.5 million tonnes of wheat and barely until the end of the calendar year, the agriculture ministry said, barely half of what it exported last year in the same sea ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook
