June 7, 2012 |
The price of food around the world slid in May for the second month, tumbling the most since March 2010. An index calculated by the United Nations' Food and Agriculture Organisation tumbled to 203.9 in May from 213, a 4% slide. That's the lowest level since September 2010 and the steepest fall since March 2010. From the index's peak in February, it's a 14% plunge. Harvesters delivered excess supply amid a stronger dollar and growing economic instability around the world.
CALIFORNIA | LOCAL
April 1, 1998
Re "Officials Shop for a Solution to High Food Prices," March 22. I consider this article disgusting, pitiful and unworthy. Who is this reporter, anyway? Who was his editor? Is it true that neither one knew that the economic system in the USA is based on the law of supply and demand? Why then are they allowed to write for you, and to edit for you? That system simply recognizes that the seller acts to maximize his profit and the buyer acts to minimize his costs. The interaction between the two is what sets the price at which goods are traded.
November 15, 2012 |
Consumer prices continued to rise in October as rents and the cost of food climbed even as gas came down from its recent peak, the government said. Seasonally adjusted prices got a 0.1% boost in October from the previous month, according to the Labor Department. But the increase was smaller than the 0.6% surges in September and August. October's prices were up 2.2% from the year-earlier period. Quiz: How well do you know fast food? The cost of food went up 0.2% last month from September, according to the report, with meat, poultry, fish, eggs, fruits and vegetables all experiencing price hikes.
March 11, 2010 |
For 40 years, farmer Todd Leake and his family have battled bitter cold, hungry pests and a short growing season to coax soybeans out of their fields in eastern North Dakota. The one thing they never had to fight for, though, was their seeds. A decade ago, salesmen from as many as 50 seed companies would compete for their dollars. Each would promise healthier plants, richer yields or a better discount. Today the Leakes have little choice: There are four seed companies in their area, and all sell seeds that include genetic traits patented and licensed by Monsanto Co., the world's largest seed firm.
August 30, 2012 |
Global food prices jumped 10% in July from the month before, driven up by the severe Midwest drought which has pushed the price of grains to record levels, the World Bank reported Thursday. The price of maize and wheat rose by 25% from June to July, and soybeans rose by 17%, according to the Washington-based organization. Overall, the World Bank's Food Price Index, which tracks the price of traded food commodities, was 6% higher than July of last year. The sharp price jumps are attributed to the Midwest drought, which has destroyed more than half of the country's corn crop.
August 24, 2012 |
The price of food items such as beef, pork and dairy products is expected to stay high through 2013, according to a U.S. Department of Agriculture forecast released Friday. The Midwest drought, the worst in decades, has driven up corn and soybean prices, which, in turn, is causing retail food prices to rise. The food price outlook, compiled monthly by the USDA, was largely unchanged from the month before, forecasting the price of all food to rise 2.5% to 3.5% through the end of the year.