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Monday, February 07, 2011

Global Food Prices Skyrocket

Global food prices have risen for the seventh month in a row and are likely to continue rising, according to a reported from the United Nations. Unpredictable weather plans have been a significant cause of the rise, reported The New York Times. In Australia, rains damaged much of the country’s wheat crop and led to a 100 percent increase in the price of American wheat in the last year. Meanwhile, countries like China and India are consuming more meat and grain as their wealth increases.

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