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UN Alarmed Over Sharp Rise in Grain Prices

July 24, 2012

Full Article at http://www.voanews.com/content/article/1442341.html

A 20-percent spike in maize and wheat prices in just the past three weeks is raising concerns with the United Nations Food and Agriculture Organization (FAO).

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The FAO Global Information and Early Warning System issued a bulletin Friday saying that drought in the United States is helping push up prices, while hot, dry weather in the Black Sea region is affecting wheat.

Ahmed says the price increase will put pressure on national budgets in countries that depend on imports for their domestic food needs.

“Northern African countries, Middle Eastern countries, some countries even in Asia and Africa, who actually depend for more than 30 to 70 percent of their consumption needs on imports,” said Ahmed.

Full Article at http://www.voanews.com/content/article/1442341.html

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