Friday, February 18, 2011

Bloomberg - World Feeding Itself Spurs Search for Answers
Bloomberg reports: "Overall, the UN Food and Agriculture Organization in Rome says global food prices surged in January to record levels, based on data reaching back to 1990 [...] Wheat prices may keep rising until the summer because importers are speeding up purchases to outrun inflation [...] Prices are more likely to stay high or go higher in the next six months, than to decline [...] Whether the world tips into agricultural catastrophe this year depends on the fate of the wheat on the North China Plain. "

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