03.03.2009 - Global food commodity prices at historic highs
From Foodproductdesign.com: A new USDA report reveals world market prices for major food commodities such as grains and vegetable oils have risen sharply to historic highs of more than 60 percent above levels just two years ago. According to the report, many factors contributed to the increase in food commodity prices including increased global demand for biofuels feedstocks and adverse weather conditions in 2006 and 2007 in some major grain and oil seed producing areas .... Full Article: Source