FAO warns countries against a repeat of the 2007/08 food prices crisis

Friday, August 10th 2012 - 07:35 UTC

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The world could face a food crisis of the kind seen in 2007/08 if countries restrict exports on concerns about a drought-fuelled grain price rally, the UN food agency FAO warned, after reporting a surge in global food prices in July. Read full article

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Ozgood
The speculators have seen an opportunity in the futures market(s) to screw the ordinary person. This also applies to the oil price.
Aug 10th, 2012 - 01:56 pm - Link - Report abuse 0
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British_Kirchnerist
#1 Well said. Food shortages based on markets and price, while no shortage of actual food exists, are obscene
Aug 11th, 2012 - 08:43 pm - Link - Report abuse 0
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