Fresh records for price of wheat

Wheat prices have hit record levels as supplies dwindle, raising concerns about growing food inflation.

Chicago Board of Trade (CBOT) wheat for delivery in March rose the maximum 90 cents allowed to $11.99 a bushel in electronic trading in Asia.

he United Nations agency blamed rising prices for food and oil, as well as an increasing number of people who need its help.

In addition to the supply problems pushing up prices, there has also been growing demand.

Increasing wealth in China, for example, has led to consumers eating more meat, which means more grain is needed to feed farm animals