Unrest Is The Price Of Soaring Food Costs |
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March 23, 2011
The political unrest in Libya and surrounding regions, which has hit global crude oil markets, is overshadowing the other big story for commodities markets: high food prices.
The political unrest in Libya and surrounding regions, which has hit global crude oil markets, is overshadowing the other big story for commodities markets: high food prices.
But agricultural commodities prices remain high, with corn nearing the all-time highs set during the food crisis of 2007-08. Analysts and traders fear they could continue to move higher for the foreseeable future, pushing up global inflation.
The International Monetary Fund has just published an interesting working paper shedding new light on the political problem of high agricultural commodities prices.
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