Not exact matches
Campbell's inflation costs will rise 6 % during the next year from a spike in
wheat, while rising grain
prices will
push Kellogg's cost inflation to 4 % this year, the analysts estimated.
Wheat prices spent the first few days of this week
pushing back up towards their highs made back in early March as crop tours began this week to determine just how much production has been lost.
Drought in the United States, a key market for Nufarm, has devastated crops and
pushed up
wheat prices.
French Agriculture Minister Bruno Le Maire warned this week that the warmest and driest spring in half a century could slash
wheat yields and might even
push up world
prices despite the U.N. Food and Agriculture Organization's predicting a bumper global crop due to greater plantings.
«
Wheat commodity
prices have almost doubled in the last six months,» says USDA economist Ephraim Leibtag, «and there's been a big
push for those products across the globe.»