Rising Food Prices Continue to Climb, with Prices Up 10% in July Alone
By Lisa Garber – NationofChange – Published: Sunday 9 September 2012
“Use of corn in the production of ethanol in the U.S.—accounting for up to 40 percent of corn crop—has also been blamed for the price jump.”
Food prices are rising, and consumers are feeling it. Rising food prices aren’t only hitting America, they are happening around the world. Costs have gone up 10 percent between June and July alone, with reaching record prices. This outpaces the United Nations Food and Agriculture Organization’s estimate of a 6 percent increase.
Rising Food Prices and Vulnerable Populations
While we may all see small changes in the grocery store and in grocery bills, World Bank president Jim Yong Kim says countries reliant on imported grains, especially “Africa and the Middle East are particularly vulnerable.” Continue reading
