Wednesday, January 5, 2011

World's Food Prices Surge To New Record Highs - Again

The FAO has released its updated food and commodity price indeces, and the numbers show that they have climbed to new record highs:

Sugar is one of the main culprits. The FAO also lsits meat. Interestingly, as I justb returned from brazil, I can attest that meat prices there, whcu have historically been much lower than elsewhere, have indeed soared. A kilogram of filet mignon was selling for USD$35, the same price it sells in Canada. A kilogram of picanha was selling for $55, it sells for $11 in Canada.


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