Cereals
The Home-Grown Cereals Authority (HGCA) reveals that cereal prices, particularly
wheat, have been rising sharply in recent months on world markets due to the
impact of various factors including: (1) adverse weather affecting UK, EU and
global
harvests; (2) increasing demand particularly maize in the US (due to
biofuels)
and burgeoning demand in Asia (with rising incomes in China/India leading
to
'westernisation' of diets); and (3) low world stock levels for wheat and
maize.
Source: HGCA
UK Prices for Cereals 2000 - 2007
Notes: Figures are for quantities sold and weighted average prices computed in returns
received by the HGCA. Maize figures are not available for UK prices as we do
not
grow enough. Figures provided are EU prices converted to GBP from Eurostat.
More Information
Contact Caroline Fox, Sustainability and Competitiveness, at: Caroline.Fox@fdf.org.uk,
or 020 7420 7103.
Last reviewed: 02 Jan 2008