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Global food prices increased for the eighth consecutive month in February, with prices of all commodity groups monitored rising again, except for sugar, [UN Food and Agriculture Organisation] said today.
What is driving up food prices to record levels? As I’ve discussed in CP’s food insecurity series, it’s harvests ruined by extreme weather, coupled with rising oil prices, increasing demand from population growth and changing diets in a global market made all the tighter by unsustainable biofuels policies.The only good news going forward is that the Chinese drought has abated somewhat.
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