Fluctuating Food Commodity Prices: A Complex Issue with No Easy Answers

Rising food demand, increased energy costs, a weak U.S. dollar, and other factors contributed to the rapid escalation of food commodity prices until July 2008.

Fluctuating oil prices seem to be the issue of the day, but the cost of food commodities — particularly staples such as grains and vegetable oils — is a close second in grabbing global headlines.

According to the International Monetary Fund (IMF), world market prices for food commodities rose more than 75 percent from the beginning of 2006 to July 2008.

Read the full Amber Waves story here.

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