| From Thehindubusinessline.com: Low world wheat prices – currently quoting around $200 a tonne or even less – are expected to affect planting for 2009. Much of the reduction is likely to happen in the developed countries where there usually is a supply response to prices.
Current world wheat prices are half of the average price that prevailed during the second half of 2007 and early part of 2008. The total output in 2008 expanded by a record 10 per cent or 63 million tonnes (mt) to 673 mt, resulting in huge surplus and rising stocks..... Full Article: Source
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