PARIS. Food and Agriculture Organization (FAO) United Nations said that global wheat production is predicted level would not meet the existing demand levels.
FAO data on its official site says, the level of wheat production will rise 3.2% to 673.6 million metric tons in the season, which began in July. In fact, the level of demand to reach 677 million tons of wheat.
This will trigger a spike in food prices so volatile move until next year. In May, global food price index is reaching record levels in line with price hikes of meat and milk. read more »