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Last year’s record growth of prices on food has become an unpleasant surprise for the whole world. Prices on crops jumped 50 percent up, on milk – 80 percent; meat, dairy products and rice became more expensive in many countries of the globe. Rumor has it that the price growth was caused by the increase of food consumption in India and China, which automatically triggers an increase of demand on basic products in the rest of the world. In addition, the price growth is based on growing prices on fuel, fertilizers and fodder, not to mention bad harvests. It seems that the phantom of hunger is... [read full story]
