Global food prices are on the rise

Global food prices increased by 8% from December 2011 to March 2012, according to the World Bank Group’s Food Price Watch. This was due to higher oil prices, adverse weather conditions and a strong demand for food imports in Asia. The World Bank’s Global Food Price Index was only 1% below what it was a year ago and 6% below … Continue reading

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OECD inflation reaches highest level for two and a half years

Consumer prices in the OECD area increased by 2.9% in the year to April 2011, compared with 2.7% in March – the highest rate since October 2008, according to figures released in the last half an hour.  The rise was mainly due to the rate of increase in energy prices which grew by 13.8% in April, compared with 12.4% in … Continue reading

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Food price index at record high

The UN Food and Agriculture Organisation (FAO) has just released figures which show that their Food Price Index reached a record level in December, after rising for six consecutive months. The index measures a basket of food prices which is made up of meat, sugar, dairy, cereals and oilseeds. In December this index reached 214.7, compared to 206 in November … Continue reading

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Number of hungry people still ‘unacceptably high’

Yesterday, the UN’s Food and Agriculture Organisation (FAO) and the United Nations World Food Programme (WFP) said that the number of hungry people in the world remains unacceptably high despite expected recent gains that have pushed the figure below 1 billion. The new estimate of the number of people who will suffer chronic hunger this year is 925 million — 98 … Continue reading

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