Grain prices at record level due to the U.S. drought

Drought rages in North America, has not seen for several decades so the farmers and traders are also concerned that there will not be enough exportable grain. Several foregone sales were cancelled, the help may come from Eastern Europe.

The grain prices have risen to a record level in the United States, due to the drought has not seen for a half a century, which was caused by the hottest half year of all time – the Reuters reported. Positive turn is not expected nowadays, according to the U.S. government, the drought can last until October, so the fears of rising food prices increases worldwide.  (Reuters-Világgazdaság Online)