Sunday, December 9, 2007

International Food Prices Increasing

An Associated Press Article says that growing demand in rapidly developing countries such as China and India for processed food and expensive meat and dairy products is driving up prices for those goods, as well as for staple grains used to feed cattle.

In addition, switching to crops used for biofuels will also reduce the amount of available food and increase prices.

The article that appeared December 4th is based on a report by theInternational Food Policy Research Institute.

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