About Food price rises 2007-2008

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Title Food price rises 2007-2008
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The years 2007–2008 saw dramatic increases in world food prices, creating a global crisis and causing political and economical instability and social unrest in both poor and developed nations. Systemic causes for the worldwide increases in food prices continue to be the subject of debate. Initial causes of the late 2006 price spikes included droughts in grain-producing nations and rising oil prices. Oil price increases also caused general escalations in the costs of fertilizers, food transportation, and industrial agriculture. Root causes may be the increasing use of biofuels in developed countries (see also food vs fuel), and an increasing demand for a more varied diet across the expanding middle-class populations of Asia. These factors, coupled with falling world-food stockpiles all contributed to the worldwide rise in food prices. Causes not commonly attributed by mainstream views include structural changes in trade and agricultural production, agricultural price supports and...
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