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May 16, 2008 10:17:19 AM CDT

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US Predicts Bumper Crops Will Ease Food Crisis  

Posted May 10, 08 9:11 AM CDT in Business,  Science & Health,  World    Most Covered

(newser) – Farmers worldwide will reap record-breaking harvests of wheat and rice this year, the US projects, and the news is expected to ease some of the worldwide concern about food prices. The USDA says good weather will bring bumper crops that will replenish depleted stocks, Reuters reports. Analysts warned, however, that prices will remain high for some time and that the world's poor will still need food aid.

"This should take the edge off commodity prices," said one US analyst.

Source Reuters

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agriculture  • farming  • crops  • USDA  • wheat  • food supply  • rice prices  • wheat prices  • food security  • global food market


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