The World Bank’s Food Price Index, which measures the price of internationally traded food commodities, was up 6% from July 2011, and up 1% from the previous high set in February 2011. The report noted weather as the “critical” factor behind the abrupt global price increases in July, with drought in the United States resulting in vast damages to maize and soybean crops.
Fresh ideas. Served daily. Subscribe to Food Business News' free newsletters to stay up to date about the latest food and beverage news. |
Subscribe |