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Old 05-29-2008, 11:02 AM
 
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UN warns about higher food costs

Higher food prices may be here to stay as demand from developing countries and production costs rise, says an influential report.

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.

In its annual Outlook report, the FAO predicted beef and pork prices might be 20% higher by 2017, wheat could be up to 60% more expensive and the cost of vegetable oils might rise by 80%


BBC NEWS | Business | UN warns about higher food costs
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Old 05-29-2008, 11:10 AM
 
Location: Raleigh, NC
9,059 posts, read 13,003,483 times
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Quote:
Originally Posted by UKOK View Post
UN warns about higher food costs

Higher food prices may be here to stay as demand from developing countries and production costs rise, says an influential report.

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.

In its annual Outlook report, the FAO predicted beef and pork prices might be 20% higher by 2017, wheat could be up to 60% more expensive and the cost of vegetable oils might rise by 80%


BBC NEWS | Business | UN warns about higher food costs
Foreign central banks have to STOP PRINTING MONEY and STOP EXTENDING MORE CREDIT.

These are the results of "growth" vis-a-vis monetary inflation.
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