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On top of record-breaking rice prices and corn through the roof on ethanol demand, wheat is now rusting in the fields across Africa.
Officials fear near total crop losses, and the fungus, known as Ug99, is spreading.
Meanwhile, global wheat stocks are at lows not seen in half a century, according to the U.S. Department of Agriculture.
Scientists fear that the spores could spread on the wind and reach the U.S. and Canada or Europe.
"It will take five to eight years to genetically engineer a resistance,” said Kotok. "In the interim, U.S. agriculture faces higher risk.”
Schafer told the International Food Aid Conference meeting that crop failures have left global wheat stocks at their lowest point in 30 years and U.S. wheat stocks are at 60-year lows. Climate changes that have spawned unrelenting drought, floods and late freezes have all had an impact.
This has left the world at particular risk for a highly virulent wheat disease called African stem rust that is quickly spreading to places such as Uganda, Ethiopia, Yemen, India, Pakistan and Iran.
The disease, which is carried by wind spores, would be devastating to global food supplies if it affects the U.S. wheat crops, now valued at $16 billion.
The United States has shipped wheat breeding lines to east Africa, where scientists are working to find a rust-resistant strain and new protective measures.
SYDNEY, April 23 (Reuters) - Winter wheat planting got off to a strong start in Western Australia this week after good rain at exactly the right time, but farmers in the east waited anxiously for rainfall to help soften the ground for what could be a record crop.
Australia, usually the world's second-largest wheat exporter, expects a bumper harvest this year after drought slashed supplies over the past two years, sending world prices to all-time highs.
It is a different story in prime eastern wheat land at Cowra, 250 kilometres (155 miles) west of Sydney. Here, farmer Chris Groves is counting the rainless days.
"We're waiting for rain. It's a very nervous time because its a big investment to plant a crop," he told Reuters. "At the moment there appears to be nothing at all on the radar."
New Delhi: It never rains, it pours. The current round of inflation – in which the wholesale price index-based inflation has touched a 41-month-high of 7.41 per cent, can be described as more symbolic than real.
Consumer prices tend to be higher than wholesale prices anyway. Add to this the fact that the government had not even passed on the rise in global oil prices – which recently cross $112 a barrel – there is a big overhang of inflation in the system.
A depreciation of the US dollar, stronger crude prices and crop failures in some of the leading wheat and rice producing nations have collectively put commodity prices on the upswing both in food and non-food items.
The UN Food & Agriculture Organisation (FAO) has estimated that 35 countries are currently facing a food crisis, out of which 21 are in Africa. Last year, Australia — a key grain exporter — experienced its worst drought in over a century and its wheat crop has shrunk by 60 per cent. A number of wheat and rice exporting counties have introduced measures to discourage export and in some countries exports have been banned altogether.
In fact, wheat production is continuously declining since 2004-05, when it peaked at 628 million tonnes. It declined to 620 million tonnes in 2005-06 and 593 million tonnes 2006-07. As a result the stock level is also coming down from 141 million tonnes in 2005-05 to an estimated 112 million tones in 2007-08.
The global production of rice is estimated at 420.6 million tonnes as against the consumption of 423.7 million tonnes. The buffer stocks are estimated at 72 million tonnes, which is the lowest in the last 20 years. Of these 72 million tonnes, China accounts for 36 million tonnes, but that country is not an exporter. As a result, the global exportable surpluses are estimated to be the lowest in recent years. In fact, global grain stocks are at their lowest in the last 30 years.
"It will take five to eight years to genetically engineer a resistance,” said Kotok. "In the interim, U.S. agriculture faces higher risk.”
Originally posted by RabbitChaser
Certainly not needed in a country that is already suffering from a lack of food. Not to mention for others that may import from them; I believe that is U.S. included.