Friday, April 22, 2011

Europe prays for Easter rain in worst drought for a century - Yahoo! News UK

"....March was already extremely volatile for grains, largely due to growing economic uncertainties and the turmoil in North Africa and parts of the Near East -- as well as the Japanese earthquake and tsunami, the Food and Agriculture Organization said after logging a first, slight drop in raw food prices for eight months.

Prices hit record highs at the beginning of the year, and while the main focus for specialist traders is in the United States, a deteriorating drought in Europe could yet spark deep concern.

While European Commission agriculture spokesman Roger Waite acknowledges a "slight" rise in the prices of maize and wheat, he maintained that winter crops remain "generally in good condition."

A spokeswoman for European farmers federation Copa-Cogeca said it was too soon to draw conclusions, but Belgian farmer Guy Franck, who heads a dairy collective in French-speaking Wallonia, says gut instinct tells him worse is yet to come.

"I've been in this game for 30 years, I've never seen a month of April like this one," he said.

"Everything with short roots is seriously dehydrated," he warned."


Europe prays for Easter rain in worst drought for a century - Yahoo! News UK

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