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Title: World food prices hit record high
Source: CNN
URL Source: http://www.cnn.com/2011/WORLD/europ ... .prices.rise/index.html?hpt=T2
Published: Feb 3, 2011
Author: CNN
Post Date: 2011-02-03 09:22:23 by go65
Keywords: None
Views: 1950
Comments: 5

London (CNN) -- World food prices rose to an all-time high in January, according to the UN's Food and Agriculture Organization (FAO).

The FAO's Food Price Index measures the cost of a basket of basic food supplies -- sugar, cereals, dairy, oils and fats and meat -- across the globe.

The index rose by 3.4% in January -- the seventh monthly increase in a row -- to its highest level since records began in 1990.

The cost of sugar, cereals, dairy and oils and fats all went up last month, while meat prices remained steady.

FAO economist Abdolreza Abbassian said high prices were likely to persist in the months to come.

Rising commodities costs are one of the major factors behind a growing wave of civil unrest across the Middle East and North Africa.

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Begin Trace Mode for Comment # 5.

#1. To: go65 (#0)

Cotton up 5% yesterday. Yasi wiped out the Ozzie Cotton crop. Panic Asia Mill buying.

mcgowanjm  posted on  2011-02-03   9:32:34 ET  Reply   Untrace   Trace   Private Reply  


#4. To: mcgowanjm (#1)

Cotton up 5% yesterday. Yasi wiped out the Ozzie Cotton crop. Panic Asia Mill buying.

but we can't take any action to curb global warming because it's too expensive!

go65  posted on  2011-02-03   9:59:07 ET  Reply   Untrace   Trace   Private Reply  


#5. To: go65 (#4)

but we can't take any action to curb global warming because it's too expensive!

We stop now.

Amerikans can't support $3 gas and global trade is collapsing.

Bunker oil the biggest amount burnt.

mcgowanjm  posted on  2011-02-03   20:36:39 ET  Reply   Untrace   Trace   Private Reply  


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