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Fri Apr 27, 2012, 10:01 AM

World food prices just keep rising


Global food prices rose in March for a third straight month with more hikes to come, the UN's food agency said on Thursday, adding to fears of hunger and a new wave of social unrest in poor countries.

Record high prices for staple foods last year were one of the main factors that contributed to the Arab Spring uprisings in the Middle East and North Africa, as well as bread riots in other parts of the world.

The cost of food has risen again this year after coming down from a Feb. 2011 record peak.

The FAO index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 215.9 points in March, up from a revised 215.4 points in February, the United Nations' Food and Agriculture Organisation (FAO) said.

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Reply World food prices just keep rising (Original post)
xchrom Apr 2012 OP
sinkingfeeling Apr 2012 #1
HiPointDem Apr 2012 #2
xchrom Apr 2012 #3

Response to xchrom (Original post)

Fri Apr 27, 2012, 01:21 PM

1. Then maybe we should fight harder to stop banks from speculating on food.


US Investment bank Goldman Sachs convinced government officials in the early 1990s to allow it to start gambling on the price of food. Alan Bjerga explains how they did it

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