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Reduced U.S. soft white winter wheat production causes food prices to soar

 Last Update: 2022-03-03
 Source: Internet
 Author: User

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According to the Philippine "Business Mirror" (Business Mirror) reported on February 2, the United States is the largest exporter of soft white winter wheat , about 80% of exports to foreign countries, Asia is the largest buyer
.
Affected by the hot and dry weather, the U.
S.
soft white winter wheat production fell 37% this season, and the price rose more than 50% year-on-year, causing the price of cakes and biscuits to soar during the Lunar New Year
.
The price of soft white winter wheat recently surged to $454 a tonne from $298 a tonne a year ago, according to Commodity 3
.
Wholesale flour prices released by China's Ministry of Commerce are also near record highs
.

Philippine wheat export price cake biscuits

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