Friday, October 12, 2007

Rising prices of CORN, WHEAT & SOYBEAN



Prices of food crops have seen a dramatic rise, over the last few years.
The diversion of corn to ethanol production in the U.S.A., crop disruptions due to droughts, and increased consumption in developing countries spurred on by a weakening US dollar , are among the many responsible factors.
Core producer prices, used in reports on the wholesale price index in the USA, do not include food and energy sectors.
Consumers are facing higher supermarket bills and higher fuel prices, though the core inflation figures may not reflect the same.

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