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FAO - Soaring food prices raise new crisis fears

The United Nations Food and Agriculture Organisation (FAO) last week warned that food prices for basic commodities hit record highs last month, fuelling fears of inflation, protectionism, unrest and reduced demand from emerging economies.
14 January 2011
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The United Nations Food and Agriculture Organisation (FAO) last week warned that food prices for basic commodities hit record highs last month, fuelling fears of inflation, protectionism, unrest and reduced demand from emerging economies.

The UN index, which tracks the wholesale cost of several agricultural commodities, including wheat, corn, rice, oilseeds, dairy products, sugar and meats, rose by 32% in the second half of 2010, up from 167 in July to 215 in December.

http://www.euractiv.com/en/cap/soaring-food-prices-raise-new-crisis-fears-news-501102

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