date:Sep 21, 2012
al food prices as herds (especially cattle) take longer to rebuild maintaining upward pressure on food prices. The full effect of this commodity price rally and the subsequent lower meat and milk output will be a multi-year rebuilding of herds, which will sustain high price levels of these products.
Severe droughts across the key exporting countries the USA, South America and Russia have been the primary trigger for food price inflation, lowering expectations on global harvests, limiting sup