Friday, August 26, 2011

Market threatens food price shock

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. Growth index FAO Agricultural Commodities economists explain increased production of maize and maize, as well as sugar, butter and meat. For the economy of the poorest countries, these products are less important than, for example, rice, the price of which decreased almost twice - up to 535 dollars per tonne.

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