Fears of global food price crisis recede

Reuters: The third global food price spike in four years may have peaked after a summer of stunning increases on cereal markets, as a U.S. government report on Wednesday raised hopes that a full-blown food emergency could be averted. Fears of unrest and hunger seen in the 2007/08 crisis emerged as the worst U.S. drought in over half a century and persistent dryness in other key grain producing countries sent corn and soybean prices to successive record highs. But the U.S. Department of Agriculture on......

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