Food prices may go up 10% to 20% by year-end. You can afford it but 50% of the world's population can't. Many will starve in Africa and other 3rd world countries.
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Food prices do have an impact on oil prices. OPEC will demand more for their oil to cover increased food prices.
Food Prices going up
Food Prices going up
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group