Russian drought

6 03 2011

The last summer’s Russian drought  caused  5.5-percent decrease in global wheat production in the 2010/2011 market year. Consequently,the cost of wheat has increased.  As a result supply has decreased because natural resource increased in its cost. It also relates to a number of sellers, since there are fewer producers who decrease supply of wheat.

Article: http://news.xinhuanet.com/english2010/indepth/2011-03/06/c_13764211.htm

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