Global Food Prices | featured news

Bacon shortage 'baloney,' but prices to rise


Bacon lovers can relax. They'll find all they want on supermarket shelves in the coming months, though their pocketbooks may take a hit. The economics of the current drought are likely to nose up prices for bacon and other pork products next year, by as much as 10 percent. But U.S. agricultural economists are dismissing reports of a global bacon shortage that lent sizzle to headlines and Twitter feeds last week. Simply put, the talk of scarcity is hogwash.


World powers weigh emergency meeting on food prices

Food Prices

Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to tackle soaring grain prices caused by the worst U.S. drought in half a century and poor crops from the Black Sea bread basket.


Drought, food prices fan fears of new crisis

Food Crisis

Global alarm over a potential repeat of the 2008 food crisis escalated on Thursday after data showed food prices had jumped 6 percent last month and importers were snapping up a shriveled U.S. grain crop, helping drive corn prices to a new record.


Global food prices on the rise again: World Bank

Food Prices on the Rise

Global food prices are rising again, pushed higher by costlier oil, strong demand from Asia and bad weather in parts of Europe, South America and the United States, the World Bank said on Wednesday.


World food prices 'to stay high'

World food prices 'to stay high'

Global food prices will remain high and volatile as record food production will only just meet demand, according to the UN.


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