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Food prices to stay high into 2012: UN agency

ROME (AFP) – Food prices are to remain high and volatile into 2012, presenting a “threat” to poor countries that will have to spend up to a third more on food imports this year, the UN food agency said on Tuesday. The Rome-based Food and Agriculture Organisation (FAO) said its…

Study: Global warming has already reduced harvests

WASHINGTON — Climate change has stunted the worldwide increase in corn and wheat yields since 1980 by 3.8 and 5.5 percent respectively, according to a new study in the journal Science. Without global warming, total harvests of both crops would have been significantly larger than they were, the statistical analysis…

Climate change has spurred food prices: study

LONDON (Reuters) – Climate change cut global wheat and corn output by more than 3 percent over the past three decades compared to growth projections without a rise in temperatures, a study found on Friday. The impacts translated into up to 20 percent higher average commodity prices, before accounting for…

China blocks up to $5 billion in US farm sales

WASHINGTON – The United States could sell China $5 billion more in farm goods if Beijing cut trade barriers, according to an official study Tuesday that is likely to stoke trade tensions between the two powers. “Results suggest that the elimination of Chinese tariffs and non-tariff measures could lead to…

China’s drought may have serious global impact

BEIJING – Wide swathes of northern China are suffering through their worst drought in 60 years — a dry spell that could have a serious economic impact worldwide if it continues much longer, experts say. Some areas have gone 120 days without any significant rainfall, leaving more than five million…

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