Wet weather to hike up UK food prices

<p>Wet weather threatens to hike food prices in the UK.</p>

Wet weather in the UK over the summer period could lead to higher food prices.

According to the National Farmers' Union (NFU), wheat yields in England have dropped by almost 15 per cent on the five-year average, while productivity is down to 1980s levels.

NFU president Peter Kendall added many agricultural professionals saw their yields of the cereal slide by between 25 and 30 per cent.

This summer was the second-wettest in since records began in the UK in 1912.

Mr Kendall stated: "It's been soul destroying for the farmers growing the crops."

This follows a report last week that world food prices rose in September by 1.4 per cent, according to the United Nations Food and Agricultural Organization, as droughts in the US, Europe and central Asia damaged yields.

At 11:50 BST on the Euronext LIFFE Futures index, milling wheat was stable at €262.25 per metric tonne.

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