Food Crisis, Global Food Prices | featured news

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.

 

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