Friday, August 26, 2011

Market threatens food price shock - the UN

The global economy is waiting for "sticker shock" for food that can subsequently create a global food crisis. This statement was made by the Food and Agriculture Commission of the United Nations (UN FAO) The reason for the application will increase the index of agricultural commodities FAO. In December, a nominal record was set: figure exceeded the level of 2007-2008, when the world was recorded food crisis. It is reported K2Kapital. According to a senior economist at FAO in Rome Abdolreza Abbassyana, it would be foolish to believe that prices continue to stop its growth. In many developing countries, including China and India, inflation has become a major economic and political problems, he said.

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