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By Mil Arcega
Washington
27 February 2008
Washington
27 February 2008
Wheat futures1 shot up this week to near the all-time high ($11.6975 a bushel) as foreign buyers scrambled2 to lock in supplies. A combination3 of bad weather, increasing global demand and export slowdowns in wheat producing countries has more than doubled the price of wheat since last year. To make matters worse, growing demand for biofuel crops such as corn means farmers are planting less wheat. For consumers it is a recipe for higher food prices. VOA's Mil Arcega reports.
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1 futures | |
n.期货,期货交易 | |
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2 scrambled | |
v.快速爬行( scramble的过去式和过去分词 );攀登;争夺;(军事飞机)紧急起飞 | |
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3 combination | |
n.组合,合并,联合; | |
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