08 Sep '11, 10pm

Tracking the Global Food Situation: Prices rose 2.2 percent in August for staple grains, which supply the bulk o...

Tracking the Global Food Situation: Prices rose 2.2 percent in August for staple grains, which supply the bulk o...

Reuters A worker loading rice this week onto a ship in Jakarta, Indonesia, where food prices have soared recently. Globally, prices of staple grains rose 2.2 percent in August. The latest numbers suggest that the situation with the global food supply continues to be deeply worrisome. In its monthly report on food prices, the Food and Agriculture Organization of the United Nations reported that August prices were virtually flat, down just a fraction of a percent from July. The index is now down 7 percent from its all-time high in February —but still 26 percent above the level of August 2010. That overall number obscures changes within the components of the index. For instance, while commodities like oils and dairy products are falling, prices rose 2.2 percent in August for staple grains, which supply the bulk of human calories and on which many of the world’s poor depend. T...

Full article: http://green.blogs.nytimes.com/2011/09/08/tracking-the-gl...

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