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Friday, January 7, 2011
Environment and Development/ Economics and Development
World Risks Food Riots as Grains Climb, Economist Chalmin Says
Crop damage caused by flooding in Australia and drought in Argentina is likely to boost grain prices in coming months, Chalmin, an economics professor at the University of Paris- Dauphine. According to the United Nation's Food and Agricultural Organization World food prices advanced to a record in December, partly driven by higher sugar prices. Combined with increase weather shocks around the world what will this mean for developing nations?