Food and Agricultural Organization: Prices High for the Foreseeable

Hot off the presses, the Food and Agricultural Organization and OECD’s latest on agricultural food price rises.

In short, beef and pork could be 20 percent higher in nominal terms, wheat could be up to 60 high dearer, and the cost of vegetable oils might rise by 80 percent.

food price increases graph
Click for large version

The picture’s not pretty. Read the summary pdf here.