Rabobank thinks the consumer impact could be less painful this time around compared to 2008, when there were severe shortages of wheat and rice. That is because today's shortages are being seen more in crops used as animal feed, such as corn and soybeans. Photo: Reuters
UN Warns On Food Security As Prices Hit Six-Month High -- The Telegraph
Food prices around the world jumped by 1.4pc in September to a six-month high, the United Nations said, as the severe US drought cut grain harvests.
Food prices around the world jumped by 1.4pc in September to a six-month high, the United Nations said, as the severe US drought cut grain harvests.
The UN’s index tracking a basket of food commodities rose 3 points last month to a level of 216 points, after staying steady for two months.
The move in the index, produced by the UN’s Food and Agriculture Organisation (FAO), leaves it 22 points below its all-time peak of 238 in February 2011, and 9 points off its recent high in September last year.
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More News On The UN's Report On Global Food Prices
UN reports slight increase in food prices, warns of decline in global cereal harvest -- UN News Centre
Food prices are at their highest for six months. Get all the data since 1990 -- The Guardian
World food prices rise, stay close to crisis levels: UN -- Reuters
World food prices rose 1.4% in September, FAO says -- BBC
UN Says Europe Wastes 50% Of Fruit And Vegetables -- And America Isn't Much Better -- Forbes
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