Drought in Russia causes bread price hikes abroad

15:37, August 12, 2010      

Email | Print | Subscribe | Comments | Forum 

Drought in Russia, which dramatically reduced grain production, has caused bread price hikes domestically and abroad, analysts said Wednesday.

In Moscow, the bread price has risen 20 percent in the past few days alone because of wheat production decreases and flour price hikes. The price for a loaf of bread has increased from 15 rubles (0.49 U.S. dollars) to 18 rubles (0.59 dollars).

A drought started hitting Russia in April. The unusually high summer temperatures have destroyed at least 10 million hectares of crops, or 20 percent of Russia's cultivated land in total.

Russian Prime Minister Vladimir Putin said Monday that grain production in his country is expected to decrease to between 60 and 65 million tons this year from last year's 97 million.

He said Russia's grain consumption this year is about 78 million tons, so the government would take a package of measures to bridge the gap between production and consumption.

Four days earlier, Putin announced the suspension of Russia's grain export from Aug. 15 to Dec. 31 to curb grain prices.

Russia is the third biggest wheat exporter in the world.


【1】 【2】

(Editor:张茜)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion