December 18, 2011 (Vietnamica) — World market prices of many agricultural commodities have been subject to vast fluctuations in recent years. The FAO food price index reached 213.5 in June 2008 and in January 2011 a new all time high of 231. Cereal prices in particular soared. The FAO cereal price index more than doubled in comparison with 2006, reaching a value of 274.3 in April 2008 and 245 in January 2011 In general net food producers have been found to profit from such a trend, whilst net food consumers are disadvantaged. However, the issue is more complex. The key (more…)
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