27.07.2012 - Are we facing another global food price crisis?
The worst drought to hit the USA in over half a century has sent international food prices climbing again. Prices for corn and soybeans (the USA is the world's biggest producer of both) last week passed the peaks they reached during the 2007/8 global food crisis which saw riots in over 30 countries, the number of hungry pass 1 billion, and the humanitarian system overwhelmed by spiralling demand for food aid. Things are not yet this bad. First, corn and soybeans are not the most important commodities for poor households, which typically depend more on rice and wheat (for bread)...............................................Full Article: Source
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