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Whats up with food prices?
| By: Bill Curtis 7:21 PM Wednesday, November 12th, 2008 Viewed 64 times. Rating: 0 |
No single factor is responsible for the rise in food prices, according to a new report from the U.S. Department of Agriculture's Economic Research Service. Instead, a complex of interrelated global developments, including long-term supply and demand trends, higher energy prices, increased biofuels production, depreciation of the U.S. dollar, adverse weather and policy responses to domestic food-price inflation by a number of countries all add up to higher prices at the global grocery store.
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