Food prices set to increase and rich countries could be hurt the most

The Food and Agriculture Organisation (FAO) food out look analysis points to rising demand for food and absorbing the higher output which will keep food prices high and volatile despite record food production. The report from the FAO highlights the difference ways in which investors behaved in price surges.

Also the World Bank has cut its forecast for global growth stating that rising food and fuel prices are impacting the the global economy. This impact will have a possible benefit for some Asian countries like Thailand, China and India who will see an increase in their annual income. But for the more developed countries (South Korea, Hong Kong, and Singapore) it will have a negative impact seeing a reduction in their income. read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers