Guest guest Posted April 5, 2008 Report Share Posted April 5, 2008 Food price woes _http://www.chicagotribune.com/business/sns-ap-corn-at-6,0,6752459.story_ (http://www.chicagotribune.com/business/sns-ap-corn-at-6,0,6752459.story) Corn Hits $6 a Bushel on Tight Supplies April 3, 2008 NEW YORK - Corn prices jumped to a record $6 a bushel Thursday, driven up by an expected supply shortfall that will only add to Americans' growing grocery bill and further squeeze struggling ethanol producers. --- _http://us.ft.com/ftgateway/superpage.ft?news_id=fto040120081418306570_ (http://us.ft.com/ftgateway/superpage.ft?news_id=fto040120081418306570) Countries rush to restrict trade in basic foods Tuesday Apr 1 2008 13:10 Governments across the developing world are scrambling to boost farm imports and restrict exports in an attempt to forestall rising food prices and social unrest. --- _http://www.alertnet.org/thenews/newsdesk/L23502580.htm_ (http://www.alertnet.org/thenews/newsdesk/L23502580.htm) Hungry crowds spell trouble for world leaders 01 Apr 2008 YAOUNDE, April 1 (Reuters) - " Is it not said 'A hungry man is an angry man'? " commented Simon Nkwenti, head of a teachers' union in Cameroon, after riots that killed dozens of people in the central African country. It is a proverb world leaders might do well to bear in mind as their impoverished populations struggle with food costs driven ever higher by record oil prices, weather and speculators trading in local market places and on global futures exchanges. --- _http://www.bloomberg.com/apps/news?pid=20601087 & sid=aBPFBEmOgnh8 & refer=home_ (http://www.bloomberg.com/apps/news?pid=20601087 & sid=aBPFBEmOgnh8 & refer=home) Rice Jumps to Record, Corn Near High as Demand Outpaces Supply April 3 (Bloomberg) -- Rice climbed to a record and corn traded near its highest ever on speculation a 3 percent annual increase in global demand for cereals will outstrip supply as governments curb exports to prevent protests. Rice, the staple food for about 3 billion people, rose 2.4 percent in Chicago trading today after doubling in the past year. Soybeans advanced for the third day and wheat gained as investors bought agricultural commodities on concern dry weather in the Great Plains and heavy rain in the eastern Midwest may curtail U.S. production and push down global inventories. Quote Link to comment Share on other sites More sharing options...
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