The rising price of commodities may lead to record food prices in 2013, which may last for a sustained period. This agricultural inflation or ‘agflation’ caused by failing crops worldwide will affect feed intensive crops, which will have a serious knock on effect on the animal protein and dairy industries says a recent report from Rabobank.
The worst drought in the US since 1936 and water shortages in Russia and South America are all taking their toll says Rabobank………………………………………..Full Article: Source