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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: TideGlider who wrote (101032)3/4/2011 1:45:51 PM
From: tonto2 Recommendations  Read Replies (1) | Respond to of 224759
 
Food spike puts 44 million in poverty

Price vs. demand: The run-up in energy prices comes against a backdrop of growing demand for food worldwide, and increasingly tight supplies of key commodities.

Dutta said food prices have been moving higher for several months, as rising prosperity in developing nations -- such as China and India -- have boosted demand for higher-end foods like meat.

Food prices have also been pushed higher by weather effects, including a famine in Russia last year that prompted Moscow to impose and export ban on wheat. Some wheat importing nations panicked and tried to buy in bulk, pushing prices even higher, Dutta said.

"There are a lot of uncertainties," he said. "Over the next few months certainly -- even up to a year -- it's hard to see how prices will come down meaningfully." To top of page