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FEB 06, 2013 - Business Insider

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The 'Perfect Storm' Of Conditions That Has Worldwide Food Prices Surging, Itemized

The World Bank just published its Commodity Market Outlook. "Most commodity prices are expected to ease marginally in 2013," they write. "[C]rude oil will average US$102/bbl in 2013, just 3 percent lower than in 2012. Agricultural commodity prices are also forecast to decline: food by 3.2 percent, beverages by 4.7 percent, and raw materials by 2.2 percent. Metal prices are expected to rise slightly but still average 14 percent lower than in 2011. Fertilizer prices are set to decline 2.9 percent, while precious metal prices will increase almost 2 percent." Among other things, the report also ... Read More

Tags: The 'Perfect Storm' Of Conditions That Has Worldwide Food Prices Surging, Itemized,  Biofuels Latest News