Blog Report: FOOD PRICES SPIKE TO RECORD – WILL GET WORSE? By Ambassador Mo
After a year of relative stability, global food prices soared by 10% in July from a month ago, with maize & soybean reaching all-time peaks due to unprecedented summer of droughts & high temperatures in US & Eastern Europe, according to World Bank Group’s latest Food Price Watch report. Droughts in developing countries may have very serious effects on economy, poverty, nutrition.
http://diplomaticallyincorrect.org/blog_post/food-prices-spike-to-record-will-get-worse/55943Image