UN warns about higher food costs
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- lemonsun12
- added this
"A report by the UN's Food & Agriculture Organisation (FAO) and the body for rich nations, the OECD, said prices will fall, but only gradually.
It said the current price spike was higher than previous records, partly due to bad weather ruining crops.
But factors, such as rising biofuel demand, will keep future costs high.
The FAO said speculators were also to blame for volatile commodity markets."
Oh no. This is awful. Food prices have already more than doubled over the last two years and US aid to the UN isn't set to come until October.
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It said the current price spike was higher than previous records, partly due to bad weather ruining crops.
But factors, such as rising biofuel demand, will keep future costs high.
The FAO said speculators were also to blame for volatile commodity markets."
Oh no. This is awful. Food prices have already more than doubled over the last two years and US aid to the UN isn't set to come until October.
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- groups:
- Community, News and Politics, Food
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- tags:
- News, News and Politics, Food, Oil, 6 more
