Food prices are falling... slightly
The United Nation's FAO index is out and it shows global food prices dipped slightly in June.
Source: rfdtv.com
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Detailed text transcripts for TV channel - CNN - 20110215:09:37:00
The price of sugar has also been shooting up.u.n. food agency sugar index rose more than 5% from december to january. it's been going up steadily since last may. the fao says the high prices are caused by tight supply around the world. part of that shortfall is due to the destruction of nearly a quarter of australia's sugar crop during cyclone yasi. north queensland grows 90% of that country's cane crop. sugar prices are actually particularly significant for emerging markets. we'll take a look at the biggest sugar-producer nations. brazil produces the most, 39 million tons, followed by india, ...
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