June 27, 2011

Rising food prices don't blame fuel costs

The rising prices of fuel at the pumps with costs rising at the grocery store, but Ohio State University agricultural economist say the two are not related as much as people think. "Besides transporting food from the farm to processors and then to retailers, fuel prices can affect the cost of food production in many ways, says Ian Sheldon, a researcher with the University's Ohio Agricultural Research and Development Center.

"But many other factors influence food prices at the grocery store", says Sheldon, who is also the Andersons Professor of International Trade in Ohio State's Department of Agricultural, Environmental and Development Economics and has an appointment with Ohio State University Extension. 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
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