Russian Drought Causes Grain Prices to Soar

Barley Field on Fire in Russia

Barley Field on Fire in Russia

Shoppers may see the cost of the meat and poultry rise just as the price of wheat and barley has more than doubled over the past six weeks due to continued fears over the drought affecting Russia and the Ukraine.

The article in The Guardian goes on to say, “Russia is the world’s second largest producer of barley after the EU and the cereal crop is used by many farmers as animal feed. Barley is the latest commodity to see a dramatic price rise in recent weeks”.

“The worst drought for generations in Russia has already caused a 50% jump in the price of wheat, the world’s most-consumed cereal, since June, and last week president Vladimir Putin announced that Russia would freeze grain exports. Attention is also being focused on Australia, the world’s fourth largest exporter of wheat, where this year’s crop may be hit by dry weather in Western Australia, which accounts for 40% of exports. Prices have also been put under pressure by very wet weather in Canada at planting time, which reduced acreage.”

Continued rises in commodity prices provide reason enough to store an emergency food supply. If this trend continues, food prices could skyrocket.

Store an emergency supply of food for your family today, while you have the chance.

Mountain House Freeze Dried Food is a perfect choice. You can start small with a Mountain House 72-Hour Emergency Meal Kit or go large with a Mountain House Platinum Reserve Year Supply. The year supply feeds a family of four for three months!

Read the original article:

Russian drought could push up food prices


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