UK wheat farmers may be suffering after the UK’s rain-soaked summer but abroad suppliers are set to enjoy a record global wheat harvest.

The global wheat crop is forecast to rise by 8% this year to a new high of 656 million tonnes, with rice production also tipped for a bumper crop of 432 million tonnes.

The news will increase the pressure on UK farmers, with The Grocer reporting this week that up to a third of the UK wheat crop has been ruined following the wettest August on record.

Grain prices have risen dramatically over the last couple of years as demand for biofuels increases, contributing to soaring food costs in the UK and abroad.