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Global Food Prices Increase 8 Percent in Start of 2012

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Published on Apr 25, 2012

Global food prices are on the rise again - increasing 8 percent in the first months of 2012 - after a period of decline, according to the World Bank's Food Price Watch. Chief Economist Jose Cuesta says the price of food has increased across the globe and is due to higher oil prices, adverse weather conditions, and Asia's strong demand for food imports.

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