Global food prices hit 20 years new highs

The UN every month issued a food price index. The index is measured not domestic retail price, because the retail price can by a wave of factors, including government subsidies. Instead, the index tracking is export prices, but still can be used to measure the barometer of consumer spending.

Last month food prices and 10 years to new highs

The FAO latest the report, released last December, by sugar, grain and oil seed (such as peanut kernels, cottonseed) prices climb push overall food prices, the food price index has reached since 1990 the highest record. According to statistics, sugar and meat food prices have now hit a record high, grain prices also approximation 2008 peak. In addition, the figures show, the food price index has been on the rise in six months.

O balak xian accept the British media said: "the world faces food prices impact." But he also emphasizes that the current situation is not so bad in 2008.

O balak xian also said for Argentina drought, floods, and the northern Australian cryogenic circumstance such as worries, food prices could also further high. "If Argentina's dry weather evolved into drought, or northern hemisphere wheat crops, then began to appear freezing food prices have continued to rise space." He said.

Last year, European wheat prices doubled, the American corn prices rose more than 50%, soyabean prices is up more than 30%. O balak said, although some major xian food exporter of crop growing conditions challenged, many developing countries recently, allowing the government satb harvest and consumer still can barely cope with rocketing price's plight. For example, he said some African country's recent corn crop good. But Australia now flooding of sugar, sugar cane commodity price influence may last 3 years. Due to Australia or global wheat exporter, and therefore the fourth wheat prices may also will be affected.

For Argentina drought, floods, and the northern Australian cryogenic circumstance such as worries, food prices could also further high. "If Argentina's dry weather evolved into drought, or northern hemisphere wheat crops, then began to appear freezing food prices have continued to rise space." He said.

Last year, European wheat prices doubled, the American corn prices rose more than 50%, soyabean prices is up more than 30%. O balak said, although some major xian food exporter of crop growing conditions challenged, many developing countries recently, allowing the government satb harvest and consumer still can barely cope with rocketing price's plight. For example, he said some African country's recent corn crop good. But Australia now flooding of sugar, sugar cane commodity price influence may last 3 years. Due to Australia or global wheat exporter, and therefore the fourth wheat prices may also will be affected.

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