Welcome to By 2100!
This Blog is designed to be a Diary of Events illustrating Global Climate Change, and where it will lead.
Commentary is encouraged, but this Blog is not intended for discussion on the Validity of Climate Change.
Thursday, March 3, 2011
Warming Helps Drive Food Prices to Record Highs
“Unexpected oil price spikes could further exacerbate an already precarious situation in food markets,” said David Hallam, Director of FAO’s Trade and Market Division.
“This adds even more uncertainty concerning the price outlook just as plantings for crops in some of the major growing regions are about to start,” he added.
Unless oil prices come down sharply and soon, it’s likely to get worse before it gets better.