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Russia will not curb soaring food prices: minister

by Staff Writers
Moscow (AFP) Aug 31, 2010
The Russian government will not intervene to curb prices for basic food stuffs as inflation soars after the country's worst ever drought, Economic Development Minister Elvira Nabiullina said Tuesday.

"I think it does not make sense to impose (price) limits," Nabiullina was quoted by Russian news agencies as saying.

"We are of course monitoring what is happening to prices. In August, the average weekly rate of inflation sped up. This is primarily due to the drought," she said.

Under Russian law, the government can impose caps on the prices of flour, millet, buckwheat and salt if they jump by more than 30 percent over a 30-day period.

Forty-five Russian regions saw prices for certain foods grow by more than 30 percent in the 30 day period up to August 23, Vedomosti business daily reported on Tuesday, citing a report by the economic development ministry.




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FARM NEWS
Growing Drought-Tolerant Crops Inching Forward
Milwaukee WI (SPX) Aug 31, 2010
A collaborative team of scientists led by researchers at The Medical College of Wisconsin, in Milwaukee, has used the tools of structural biology to understand how a synthetic chemical mimics abscisic acid (ABA), a key stress hormone that helps plants cope with adverse environmental conditions such as drought. The results are published online in Nature Structural and Molecular Biology in a ... read more

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