Title : Global Food Prices Are Soaring
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Global Food Prices Are Soaring
OilPrice.com: Global Food Prices Are Soaring Amid Energy Crunch
Rising energy costs have added to the supply chain disruption and crop failures to worsen an already dire situation with global food prices, Bloomberg has reported, citing data from the UN.
According to the data, the global food index UN compiles has risen by a third over the past 12 months and could continue upward as energy costs soar due to tight supplies and strong demand.
“It’s this combination of things that’s beginning to get very worrying,” said Abdolreza Abbassian, senior economist at the UN’s Food and Agriculture Organization, as quoted by Bloomberg.
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More News On Global Food Prices Soaring
World food prices hit 10-year peak -FAO -- Reuters
Food Inflation Heats Up and Energy Crisis May Make It Worse -- Bloomberg
Global Food Prices Hit Fresh Decade High -- Zero Hedge
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