Wheat Prices Set to Spike as UN Warns of Disease Threat
May 13th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsWheat prices may be set for a major spike after a UN warning that a new “highly pathogenic strain of wheat stem rust called Ug99″ threatens 25% of the world’s wheat crops.
This from The World Tribune:
Scientists and international organizations focused on controlling wheat stem rust have said 90 percent of world wheat lines are susceptible to Ug99. The situation is particularly critical in light of the existing worldwide wheat shortage.