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The international market price of wheat doubled from February 2007 to February 2008 hitting a record high of over US$10 a bushel. [92] Rice prices also reached ten-year highs. In some nations, milk and meat prices more than doubled, while soy (which hit a 34-year high price in December 2007 [93]) and maize prices have increased dramatically.
Discounted wheat sold at about £11–£15/t. August 2007, with non-discounted wheat at slightly higher price. The November 2007 wheat futures market was trading at nearly £165/t, with November 2008 contracts at £128.50. [17] The market became rather bearish as non-futures prices froze and stagnated in December 2007. [18]
It records the development of world market prices of 24 agricultural commodities and foodstuffs from five major food commodity groups. ... 2007 94.3 2008 117.5 2009 ...
With the onset of the Great Recession, reduced demand for oil caused the price to fall to $39 per barrel in December 2008. [4] The 2007–2008 world food price crisis saw corn, wheat, and rice go up by a factor of three when measured in US dollars.
Following the 2007–2008 world food price crisis and a short lull in high prices during 2009, food prices around the world again started to rise in 2010. [1] To reduce the volatility of food markets and increase market transparency, several measures were considered at the G20 summit in 2010.
India's ban on wheat exports has delivered a fresh blow to world markets already reeling from tight supplies due to output issues in traditional export powerhouses Canada, Europe and Australia and ...
A new genomic study, analyzing 827 varieties of wheat collected nearly a century ago, discovered a “goldmine” of genetic diversity that could help safeguard the crop well into the future.
“Instead of white bread, try 100 percent whole-grain bread,” she says. “Add barley or quinoa to your dinner instead of white rice. Toss some chickpeas into your salad, and start the day with ...