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Nestle chief warns of new food riots
The head of the world’s biggest food company Nestle said on Friday that rising food prices have created conditions “similar” to 2008 when hunger riots took place in many countries. “The situation is similar (to 2008). This has become the new reality,” the Swiss giant’s chairman Peter Brabeck-Letmathe told the…
Food prices fall sharply in September: UN food agency
Global food prices fell sharply last month as production increased in key crop producing regions, but economic turmoil is expected to hit the poor in developing countries, the UN food agency said on Thursday. The Rome-based Food and Agriculture Organisation (FAO) said its monthly food price index fell by two…
World food prices dip for the first time in eight months
ROME (AFP) – World food prices fell for the first time in eight months in March after record highs largely due to oil prices, though the situation remains volatile, the UN’s food agency said on Thursday. The Food and Agriculture Organisation’s Food Price Index dropped to an average 230 points…
Food prices push 44 million into poverty: World Bank
WASHINGTON – Rising food prices have pushed about 44 million people into poverty in developing countries since last June, the World Bank warned Tuesday. Food costs are continuing to rise to near 2008 levels, when price spikes in food and oil had devastating impacts on the poor, the development lender…
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