07.02.2011 - Soaring commodities prices
From Donga.com: The food price index for January as announced by the U.N. Food and Agriculture Organization was 230.7, the highest since the international agency started tallying the statistic in 1990. Measuring global wholesale prices of major foodstuffs every month including meat, sugar and dairy products, the index has risen for seven consecutive months. Food prices soared as supply failed to meet soaring demand amid abnormal weather conditions worldwide and the global economic rebound. The price spike was further spurred by political upheavals in Tunisia and Egypt..............................................Full Article: Source
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