26.09.2012 - The rising price of commodities may lead to record food prices in 2013
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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