Economy - Voice of America: US Drought Could Trigger Higher Food Prices

Economy - Voice of America economy-and-business

US Drought Could Trigger Higher Food Prices Jul 9th 2012, 17:41 World food prices are likely to rise in the coming months in the wake of record-breaking temperatures and drought in the major maize and soybean producing regions of the United States, economists say. It would be the third spike in food prices in the past five years. Previous hikes - during 2007 and 2008, and again in 2010 and 2011 - triggered riots and social instability in dozens of countries around the world. Whether rising food prices will again trigger unrest is unclear, especially ... Media files: 45133887-0232-4E43-A455-E19FC3A47F42_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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