Food prices have risen 75% since 2005 in real terms. The Economist food-price index is higher than at any time since the index started in 1845. This presents both problems and opportunities for the world.

Guess what's helping drive prices up:
1. Demand from developing countries - China, etc.
2. The US's ethanol push which utilizes vast quantities of the country's grain harvest.

 

Submitted: Jan 30, 2008    Views: 188    Comments: 0    Likes: 2   


View Article: http://www.economist.com/opinion/displaystory.cfm?story_id=10252015


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