Tag: Global food prices
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Global food prices fall in April
BBC: Global food prices fall in April World food prices fell in April for the first time in 15 months, according to figures from the United Nations Food and Agriculture Organisation (FAO). Its food price index fell to 216.7 from 217.0 in March, having surged from last April's figure of 141.7. The FAO said it…
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What happened to global food prices?
Ajay Shah's Blog: What happened to global food prices? (HT: Marginal Revolution) …Hypothesis: The spike in world food prices is caused by increased demand in China and India, particularly the shift towards consumption of meat as people get richer. My problem with this explanation is that it doesn't explain why the price index for major…