Is the era of cheap food over?
A new UN Food and Agriculture Organization report predicts that rising food prices will soon begin to slow. However the BBC decidedly reports that cheap food is a thing of the past:
[Food] prices will level off at a far higher average level than seen before the crisis erupted. The long era of cheap food is over.
The sharp rise in food prices over the past year have been felt all over the world but are particularly painful for the poor in developing countries. The World Bank recently estimated that higher food prices and food scarcity could force 100 million people to become impoverished. In response, The World Bank is allocating $1.2 billion for increased food aid. At least $200 million is designated for grants targeting "high risk" countries including Liberia, Haiti and Djibouti.
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