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UN food agency: higher food prices likely

December 11, 2010 • Climate Change & Mitigation, Farming Practices, Daily Email Recap

Prices of wheat and other staples have risen “alarmingly” over the past year, a U.N. report said Wednesday, acknowledging fears of a repeat of the 2008 food crisis when a spike in the price of bread led to deadly riots in some countries.

Further increases were likely unless production of major food crops increases significantly in 2011, the Rome-based Food and Agriculture Organization said, warning that international food import bills could pass the $1 trillion dollar mark in 2010.

“With the pressure on world prices of most commodities not abating, the international community must remain vigilant against further supply shocks in 2011 and be prepared,” the agency said in its Food Outlook.

For full article, visit:
http://finance.yahoo.com/news/UN-food-agency-higher-food-apf-3634235796.html?x=0&.v=1


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