Rising Commodity Prices
Since 2000, prices for agricultural raw material have increased dramatically on
the global market, with unprecedented rises occurring in 2006. There are various
reasons for this. They include extreme weather conditions which have given rise
to droughts and floods and thereby adversely affected supplies; increased demand
for food and feed (e.g. in rapidly growing economies such as China and India) and
for biofuels; and a fall in global stocks.
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Last reviewed: 06 May 2008