The World Bank's food price index rose by 15 percent between October and January alone. The increase has been driven by volatile global trading in wheat, corn and soybeans. Global corn futures more than doubled since this summer, from $3.50 to $7 a bushel, in part because of higher demand from developing countries and a growing biofuels industry.
http://news.yahoo.com/s/ap/20110215/ap_on_bi_ge/us_food_prices
No comments:
Post a Comment