Food Price Inflation Set to Continue Says UN Report
May 29th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsFood price inflation is set to continue, according to a recently released UN report on food prices. This from CNN:
World food prices will fall from current peaks in the coming years but will remain “substantially above” average levels from the past decade.
The world’s poorest nations are most vulnerable — particularly the urban poor in food-importing countries — and will require increased humanitarian aid to stave off hunger and undernourishment, a joint agricultural outlook by the Organization for Economic Cooperation and Development and the U.N. Food and Agriculture Organization said.