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Written by Lance
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Friday, 07 January 2011 |
All U.N. food prices and Agriculture Organizations index of world food prices have skyrocketed to 32 percent. It was said that the food prices rose by the 32 percent in the second half of 2010. A tremendous amount of rain fall in India has done a lot of damage to the onion crops, furthermore the drought in Argentina and Brazil has also damaged crops. Argentina and Brazil are the second biggest developers in corn and soybean right after the U.S.! Gary Blumenthal says developing world growth may push prices up this year. Food prices such as wheat and other grains have dropped down to 2008 levels. Birds falling from the sky, the food economy taking a plummet, who knows what else 2011 as in store OKN.
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Last Updated ( Monday, 24 January 2011 )
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