date:Aug 15, 2012
wheat, limiting availability for the bakery and snacks industry.
Knock-on effect
The global wheat crop was revised downwards by the United States Department of Agriculture (USDA) last week.
Global wheat end stocks for 2012/13 are projected at 5.3 million tonnes lower than expected at 177.2 million.
Watts said that in the UK, bread wheat prices stood at 186 per tonne, but as a result of the maize impact, prices shot up 32% to 245.50 by July.
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