Drought-damaged corn or maize stalks, Iowa, USA
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Higher grain prices 'quite a problem', Syngenta CEO

Higher commodity prices, due to a US drought, may be good news for farmers around the world, "but in the near term it's quite a problem," says Michael Mack, chief executive of agri-business Syngenta, which has come out with a Rice Bowl Index that measures food security issues.

Asia Business Report's Rico Hizon spoke to Mr Mack, CEO of the Swiss firm about the US drought and food price volatility.