Food prices News

But behind the headline lies a tale of the severe effects the prolonged cold spell, which has gripped north west Europe, is having on farmers' crops and livestock all the way from Scotland to the south of France.

Authorities around the world are raising the alarm about the impact of the heatwave and drought across the American farm belt. They say there will be food shortages, a spike in food prices and even a halt to ethanol production.

A white paper produced by the European Commission in Brussels suggests radical changes to the way value added tax is applied to purchases which, if agreed, could see the cost of food shopping increase by up to 20 percent.

A recent survey conducted by the American Farm Bureau Federation (AFBF), a lobbyist group for farmers, says the retail cost of classic items served in the U.S. on Thanksgiving will cost consumers approximately 13 percent more this year.

I recently wrote an article exploring the features and benefits of a "MyGroceryDeals.com", a site that recently went live. Here is what I've been doing with the website.

To say that people want to save money any way they can is an obvious statement, but if something comes along that can actually help accomplish that, then perhaps you can indulge me this one time.

It takes 1000 tons of water to produce 1 ton of grain and agriculture consumes almost 70 percent of the world's water - though only less than 30 percent in OECD countries.

I'm a connoisseur of the finer things in life. Fine juice beverages in the morning, perhaps with something semi-edible. A bed to sleep in sans cockroaches or bed bugs. Yet I find myself all too often counting my pennies to ensure even those luxuries.

Speaking in Washington and concerned over rising food prices and lingering instability in the Middle East and Africa, World Bank President Robert Zoellick believes the global economy is "one shock away" from a major crisis.

You don't have to buy corn to be affected by its price, just fill up your tank and take a trip to the grocery store or mall.