Russian Fires Threaten Global Commodities Trade

Monday, August 09, 2010

A man fishes as heavy smog caused by forest fires lingers in Moscow on August 8, 2010. Smog from wildfires in the countryside cloaked Moscow. (Alexey SAZONOV/AFP/Getty)

A recent heat wave in Russia coupled with extraordinarily dry conditions has been feeding the most widespread wildfires in the nation’s recent history. The fires stretch from central Russia to near Moscow and are generating a devastating plume of smoke that has killed 52 people and destroyed over 2,000 homes. Those massive fires are having a secondary (and potentially more lasting) effect as they have threatened the Russian wheat crops, which make up about eight percent of the world’s wheat production.  

For a look at the impact this will have on the global commodities market we speak with Javier Blas, commodities correspondent for the Financial Times and The New York Times' Andrew Kramer in Moscow.


Javier Blas and Andrew Kramer

Produced by:

Hsi-Chang Lin

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.