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Global food prices News

Op-Ed: Climate change = Much higher food prices? It’s not looking good

Sydney - Recent climate events have hit many local markets hard, around the world. In Japan, prices for vegetables have increased drastically. That’s not entirely unusual in itself, but the pattern is showing up worldwide.

Gambling banks, hedge and pension funds spike global food prices

The World Development Movement blames banks, hedge and pension funds for betting and gambling on food commodities and forcing the price of basic food items to soar causing global hunger and poverty to increase.

Global food prices surge for 8th straight month, hit record high

Rome - A UN agency reports global food prices rose in February for the eighth consecutive month - reaching a record high since the agency began monitoring them 20 years ago - with fears they will continue to rise because of a volatile international oil market.

China hoarding food staples, world food prices continue to rise

Valhalla - China is hoarding corn, wheat and rice supplies in what a chief economist calls an “aggravating concern” as weather events across the globe continue wreaking havoc on grain productions, all combining to have a serious impact on global food prices.

UN: Global food prices reach record high, in ‘danger territory’

Washington - Global food security has reached a danger zone due to a steady rise in prices of sugar, grains and oilseed which is likely to lead to global inflation, increased hunger issues among the poor and strained international relations.
 

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Consumers heading to the produce section of their grocery story should be ready for volatile prices ...
Consumers heading to the produce section of their grocery story should be ready for volatile prices and, unlike the peppers shown here, a limited selection in quality as reports from Mexico continue showing devastating crop losses.

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