Food vs. Fuel By Laura B.
…the world food system may now be undergoing a radical break with this past. "The end of cheap food" is how the Economist magazine recently described it. During the past year, prices of basic grains (wheat, corn) and oilseeds (soybeans) have soared. Corn that had been selling at about $2 a bushel is now more than $3; wheat that had been averaging $3 to $4 a bushel has recently hovered around $9. Because feed grains are a major cost in meat, dairy and poultry production, retail prices have also risen. In the United States, dairy prices are up 13 percent in 2007; egg prices have risen 42 percent in the past year. Other countries are also experiencing increases.
Read the commentary in the Washington Post
