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Report: G20 to tackle rising food prices
The Group of 20 top economies will meet shortly to try and coordinate a response to soaring food prices, driven by drought and rising demand, the Financial Times reported Monday. Over the weekend, US President Barack Obama called on Congress to help farmers struggling with the worst US drought in…
U.S. drought could trigger global food crisis
America’s drought threatens a recurrence of the 2008 global food crisis, when soaring prices set off riots and unrest to parts of Africa, the Middle East, and Latin America, food experts warn. Corn prices reached an all-time high on Friday, as the drought expanded across America, trading at $8.24 a…
Corn prices hit record highs in Chicago
NEW YORK — Corn prices surged to record peaks in the United States Thursday amid tight supply and fierce demand driven in part by rapid expansion of biofuels production. With demand outpacing supply despite a massive runup, and high oil prices adding to the pressure, analysts saw little respite in…
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