Price of essentials rises by 10 per cent

Posted by Independent: Tom Bawden on September 1st, 2012
Independent: The G20 is under growing pressure to call an emergency food summit after the price of essentials jumped by ten per cent on average in July. New research shows prices are at a record high following "an unprecedented summer of droughts and high temperatures". Cereal prices were particularly hard hit, with maize and wheat rising by a quarter and soybeans by 17 per cent, as poor weather decimated harvests in the US, Russia, Ukraine and Kazakhstan, according to the World Bank. The average global food......

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