Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

US Predicts Bumper Crops Will Ease Food Crisis

Record-breaking grain harvests worldwide expected to bring prices back down

By Rob Quinn,  Newser Staff

Posted May 10, 2008 9:11 AM CDT

(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.

A Cambodian man carries rice at a paddy rice farm in Bekpeang village, Kampong Cham province, about 45 kilometers (28 miles) north of Phnom Penh, Cambodia, Wednesday, May 7, 2008.
A Cambodian man carries rice at a paddy rice farm in Bekpeang village, Kampong Cham province, about 45 kilometers (28 miles) north of Phnom Penh, Cambodia, Wednesday, May 7, 2008.   (AP Photo/Heng Sinith)
Bangladeshi workers dry paddy at a rice mill in Dhamrai district on the outskirts of Dhaka, Bangladesh, Wednesday, April 9, 2008.
Bangladeshi workers dry paddy at a rice mill in Dhamrai district on the outskirts of Dhaka, Bangladesh, Wednesday, April 9, 2008.   (AP Photo/Pavel Rahman)
Wheat grows in a field outside the Banner Co-op in Banner, Okla., Friday, May 9, 2008.
Wheat grows in a field outside the Banner Co-op in Banner, Okla., Friday, May 9, 2008.   (AP Photo/Sue Ogrocki)
Wheat in a field near Mullinville, Kan.sas, June 19, 2007.  The US government has predicted record wheat crops for 2008.
Wheat in a field near Mullinville, Kan.sas, June 19, 2007. The US government has predicted record wheat crops for 2008.   (AP Photo/Charlie Riedel)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

More Newser Stories

USDA Sinks $60M Into Trio of Climate Change Studies

'Hobby Farms' Cropping Up

Saltwater Crops Could Ease Land Demand

Gene Tweak Could Grow Crops in Toxic Soil

Midwest Awaits Bumper Corn Crop


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne