Dari NHK WORLD. Nak Puasa dah ni, ramai sibuk nak buat kuih. Jangan tepung tak cukup pulak dan naik harga sudahlah.
US wheat prices surge due to Russian drought
US wheat prices climbed to a 22-month high Monday on concerns that the drought in Russia, one of the world's leading wheat exporters, may cause a supply shortage.
Buy orders for wheat futures flooded the Chicago Board of Trade, pushing the benchmark to above 7 dollars a bushel, or about 27 kilograms, at one point.
Wheat futures soared by 42 percent in July and marked the largest rise in 59 years for a 1-month period.
Market sources say speculation that Russia may limit wheat exports sparked a stampede to buy US wheat futures. Japan relies on the United States for 60 percent of its wheat imports, so if the rise in futures prices continues, a wide range of foods sold in the country may become more costly.
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