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Eastern Europe droughts contibuting to food price hikes

31.08.12 @ 09:11

  1. By EUOBSERVER

World food prices spiked by 10% in July according to a report Friday by the World Bank, with corn and wheat prices going up by 25%. The bank cited heatwaves and drought in America and eastern Europe as the reasons, alongside increasing use of corn to make ethanol biofuel.

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