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Commodities Briefing - Categorized | Agriculture, Market Moves more

World on track for record food prices ‘within a year’ due to US drought

Posted on 24 September 2012

Brace yourself for some painful “agflation”. That is the shorthand for agricultural commodity inflation, otherwise known as rising food prices. They are being driven upwards by the climb in grain and oilseed prices as US crops weather the country’s worst drought since 1936, while the farming belts of Russia and South America suffer through similar water shortages.
What we are seeing represents the third major rally in global grain and oilseed prices in just half a decade………………………………………..Full Article: Source

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