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The rising price of commodities may lead to record food prices in 2013

Posted on 26 September 2012

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

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