Food Outlook - November 2007
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Agricultural commodity prices rose sharply in 2006 and, in some cases, are soaring at an even faster pace this year. The FAO food price index rose by 9 percent in 2006 compared to the previous year. In September 2007 it stood at 172 points, representing a year-on-year jump in value of roughly 37 percent. The surge in prices has been led primarily by dairy and grains, but prices of other commodities, with the exception of sugar, have also increased significantly...