23
December
Food Prices May Surge Next Year on Chinese Demand, Oil, Rabobank Forecasts
23 December 2010 Yahoo News
Farm-commodity prices including corn will extend rallies next year driven by increased demand from emerging markets including China, the world’s most populous nation, and higher energy costs, according to Rabobank Groep NV.
There was “rampant demand” for agricultural commodities from China, and rising corn prices may drive gains in other grains, according to a report yesterday from analysts at the bank. Surging crude-oil costs, low global food stockpiles and a weakening dollar may also bolster prices, the report said.
http://finance.yahoo.com/news/Food-Prices-May-Surge-Next-bloomberg-3772454282.html
