subject: Synergyst Estimates Global Wheat Prices to Go Up By More Than 150% Amid Declining Supply [print this page] Synergyst Estimates Global Wheat Prices to Go Up By More Than 150% Amid Declining Supply
In recent years, wheat has emerged as one of highly traded commodities across the global markets. As one of the most consumed food grain, any fluctuations in its supply and prices, have a wide and long lasting impact on poor as well as develop countries. The year 2007-08 saw dramatic increases in world food prices, including wheat which grew by almost 136%, creating a global crisis and causing political and economical instability and social unrest in many countries. In 2010, production of wheat is estimated at 683 million metric tons (mmt) and in 2011 it is projected to decline to 645 mmt mainly due to bad climate conditions drought in Russia and floods in Australia affecting crops in two of the major wheat exporters. On top of this, news is emerging out of China of a severe drought that is threatening the country's wheat crop. If the impact is severe, it will dent the supply of wheat globally and may result food crisis of 2007-08. Synergyst's latest report "Global Wheat Outlook: Demand and Supply in 2011-2012" analyses the wheat markets globally and presents trends and forecast for the overall market as well as for leading producers and exporters.
Report Coverage and Highlights
- Report presents a detailed overview of the Global wheat markets, focusing on recent production and consumption Trends and overall outlook over the next few years.
- Report discusses Factors that would impact Global wheat market using SWOT analysis and Porter's Five Forces analysis.
- Report also analyses Issues and challenges that Global wheat markets are facing.
- Market profiles are provided for the top 16 wheat markets covering demand and supply outlook, regulatory situation and a summary of recent developments in the region.
- Countries Covered: Argentina, Australia, Brazil, Canada, China, Egypt, EU, India, Iran, Kazakhstan, Pakistan, Russia, Turkey, Ukraine, United states and Uzbekistan.
To know more, visit: http://www.thesynergyst.com/prdetails.aspx?rep=Synergyst+Estimates+Global+Wheat+Prices+to+Go+Up+By+More+Than+150%+Amid+Declining+Supply
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