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... france will use talks with other g20 nations to argue for tougher rules on global food commodities trading, as surging prices pose a risk to businesses and consumers ... france kicked-off two-day talks in paris yesterday (22 june) to persuade g20 nations to impose caps on investments in food commodities, such as wheat, barley and sugar ... it is the first time that agriculture ministers have met within the g20 format and the talks reflect growing concern about soaring global food prices ... food commodity prices have hit record levels this year, according to the food price index maintained by the united nations’ food and agriculture organisation (fao) ... last week, a joint report by the fao and the organisation for economic and co-operation and development predicted that average prices for cereals over the next decade will be 20% higher than the average for the previous ten years ... france’s president, nicolas sarkozy, has accused “financial speculators” of forcing up prices, to the detriment of businesses, consumers and developing nations
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... a major international report has predicted that average food commodity prices will be much higher this decade than the last ... the organisation for economic cooperation & development (oecd) and the food & agriculture organisation (fao) have projected maize costs will be almost 20% higher this decade on average, and rice more than 15% higher ... it also predicts that butter prices will soar worldwide and stay high, rising more than 45%, with poultry prices increasing 30% to 35% ... wheat prices are projected to remain stable, but generally, cereal prices could be 20% higher and meat 30% higher, the oecd-fao agricultural outlook released today (17 june) said ... food consumption will expand “most rapidly” in eastern europe, asia and latin america, especially the consumption of meat, dairy, vegetable oils and sugar ... ” oecd secretary-general angel gurría said high prices are “generally good news” for farmers but warned of the possible “devastating” impact on the world’s poor
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... high food prices and volatility in commodity markets are here to stay, according to a new report by the organization for economic cooperation and development (oecd) and the food and agriculture organisation (fao) ... the joint report said commodity prices should fall from the highs of early 2011, but in real terms are projected to average up to 20 per cent higher for cereals and up to 30 per cent for meats, over the 2011-20 period compared to the last decade ... in its ‘agricultural outlook 2011-2020’ the oecd-fao reports that the agricultural commodity market has entered its fifth successive year of high volatility, but added that a good harvest in the coming months should push commodity prices down from the extreme levels seen earlier this year ... price rises the report predicts that, in real terms, agricultural commodity prices are likely to remain on a higher plateau during the next ten years compared to the previous decade, adding that prolonged periods of high prices could make the achievement of global food security goals more difficult and put poor consumers at a high risk of malnutrition ... per-capita food consumption is forecast to grow rapidly in the next decade, particularly in eastern europe, asia and latin america, where incomes are rising and population growth is slowing ... “while higher prices are generally good news for farmers, the impact on the poor in developing countries who spend a high proportion of their income on food can be devastating,” said angel gurría secretary-general of the oecd
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... a major international report has predicted that average food commodity prices will be much higher this decade than the last ... the organisation for economic cooperation & development (oecd) and the food & agriculture organisation (fao) have projected maize costs will be almost 20% higher this decade on average, and rice more than 15% higher ... it also predicts that butter prices will soar worldwide and stay high, rising more than 45%, with poultry prices increasing 30% to 35% ... wheat prices are projected to remain stable, but generally, cereal prices could be 20% higher and meat 30% higher, the oecd-fao agricultural outlook released today (17 june) said ... food consumption will expand "most rapidly" in eastern europe, asia and latin america, especially the consumption of meat, dairy, vegetable oils and sugar ... " oecd secretary-general angel gurría said high prices are "generally good news" for farmers but warned of the possible "devastating" impact on the world's poor
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... april saw sharp rises in grain prices due to exchange rates and oil prices, with the future curve to be determined by how much production increases and ability to replenish reserves ... according to the latest data from the fao’s food price index, cereals were the bleak spot for april, and falling prices for dairy, rice and sugar acted as a counterweight to provide overall stability ... other food commodities, such as meat and oils, remained firm ... maize prices were particularly influential, rising 11 percent ... \" wheat increased four percent in april 2011 as a result of unfavourable weather and planting delays, but the fao said that large export supplies kept rice prices under downward pressure ... \"a sliding dollar and increased oil prices are contributing to high food commodity prices, particularly grains,\" said david hallam director of fao\'s trade and market division ... \"with demand continuing strong, prospects for a return to more normal prices hinge largely on how much production will increase in 2011 and how much grain reserves are replenished in the new season
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... april saw sharp rises in grain prices due to exchange rates and oil prices, with the future curve to be determined by how much production increases and ability to replenish reserves ... according to the latest data from the fao’s food price index, cereals were the bleak spot for april, and falling prices for dairy, rice and sugar acted as a counterweight to provide overall stability ... other food commodities, such as meat and oils, remained firm ... maize prices were particularly influential, rising 11 percent ... \" wheat increased four percent in april 2011 as a result of unfavourable weather and planting delays, but the fao said that large export supplies kept rice prices under downward pressure ... \"a sliding dollar and increased oil prices are contributing to high food commodity prices, particularly grains,\" said david hallam director of fao\'s trade and market division
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... the award is designed to raise awareness of the role of dates in food security ... date palm trees a uae cultural heritage "this initiative truly reflects the importance of the date palm in the cultural heritage of the united arab emirates and in the food economy of the region", diouf said, explaining that the sector constitutes a priority for economic diversification in the government's development plan ... but investment in agriculture still lagging but the director-general reminded his audience that, as in 2008, international agricultural markets again face higher food commodity prices that could undermine food security in a world where population, and thus the demand for food, are sharply on the rise ... 1 billion in 2050 - will require a 70 percent increase in global food production and a 100 percent increase the developing countries, he said adding that investment was not keeping pace ... meanwhile, more than 100 million tonnes of cereals are diverted from food to biofuels on account of subsidies valued at 13 billion us dollars and tariff protection of the developed countries ... "if we add the impact of droughts, floods, hurricanes and other events exacerbated by climate change and the speculation on agricultural commodity futures markets, it becomes clear that the current situation is the chronicle of a disaster foretold," he added
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... carlsberg's ceo has used an interview to criticise hedge funds for artificially increasing the cost of raw materials as concerns grow about food commodity prices ... carlsberg warned in november that it will be forced to raise beer prices in most of its markets in 2011 due to higher-than-expected barley costs ... food commodity prices in general have risen sharply in the last six months, due to a mixture of poor harvests and rising global demand ... commodity prices in the united nations' global food index reached record highs in december, the body's food & agriculture organisation said last week
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... food manufacturers may have to face up to high sugar and corn prices over the coming year after food commodity prices shot up in october ... analysing the recent spike in prices in its monthly overview of the commodities market, rabobank said: “tightening fundamentals and exchange rate movements played a major role in the price gains across a range of agricultural commodities ... ” corn supply estimates in the corn market, prices rocketed up early in the month when the u ... rabobank warned that prices could come under further pressure if yield estimates are downgraded further ... “given the usda’s historic tendency to make further downward revisions after reducing their yield estimates in october, corn prices will need to ration demand in coming months,” said the report
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... a senior fao official has argued that current instability in food commodity markets is unlikely to unravel into a crisis but warned that turbulence is here to stay ... over the last month wheat prices have experienced considerable volatility after drought prompted russia to implement a temporarily ban on exports ... this came on the back of three years of considerable up and down movement in food commodity prices generally ... under these conditions we don’t believe that we are headed for a new food crisis, but we will continue monitoring the situation closely
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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