View random article

World Food Prices Highest in History, Increase Expected for 2011

World wide food prices are the highest in recorded history and are expected to increase for the remainder of 2011. The UN's Rome based Food and Agriculture Organization released details of a survey on Thursday. The survey indicated that food prices have risen to the highest levels ever since the organization began monitoring monthly price changes of food staples in 1990. The organization also linked rising food prices with uprisings in north Africa, Egypt, and Tunisia.

Overall, prices raised 231 points from December to January. The organization found substantial increases in dairy, cereal, and oil prices within China, India, Indonesia and Russia. The organization found dairy prices rose 6.2 percent, oils and fats prices rose 5.6 percent, and cereals rose 3.0 percent as the global production of wheat and maize significantly reduced. The organization reported that meat prices remained consistent despite a dioxin scare within Germany.

Food and Agriculture Organization economist and grains expert Abdolreza Abbassian issued a statement which warned: "The new figures clearly show that the upward pressure on world food prices is not abating. These high prices are likely to persist in the months to come." Abbassian further warned that "millions" of lives could be significantly affected, especially those with: "low-income food deficit countries that may face problems in financing food imports and for poor households which spend a large share of their income on food."

For more: Breitbart

Featured in Life