Economy - Voice of America: In Time of Drought, China Reaches Out to Ukraine to Guarantee Food Supplies

Economy - Voice of America economy-and-business

In Time of Drought, China Reaches Out to Ukraine to Guarantee Food Supplies Jul 27th 2012, 22:30 LOKHVITSA, Ukraine -  The worst drought in half a century is hitting corn and wheat harvests in the United States, the world's largest food exporter.  So China, a major food importer, is turning to a new source of supply -- Ukraine, a nation once known as the breadbasket of Europe. The drought in the United States reinforces expert forecasts that world food supplies will steadily tighten this decade, and that prices will rise.  When grain prices go up, so do the prices of ...

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