Showing posts with label food prices. Show all posts
Showing posts with label food prices. Show all posts

Saturday, 1 September 2012

Drought

Global food prices rose 10% in July according to the World Bank's food price index due to the drought across the USA midwest, Russia and Europe.


Maize and wheat prices rose 25% and soybean prices 17% during the period June - July.


The highest price increases were seen in Africa with maize rising 113% in Mozambique and sorghum rising 220% in southern Sudan.


Despite the rising prices, the organization said it does not predict people will riot as they did in 2008 when food prices last spiked to record levels.

Thursday, 9 August 2012

Drought

The drought in the United States has expanded to include 63 % of the country. Corn prices have risen to near record highs. Wheat and soybean prices also soar on expectations of global food shortages.