Yearly Archives: 2010

Commodity Price Surge Sets Stage for Global Food Crisis in New Year

Here we go again

By Barry Grey

The price of traded food staples such as wheat, corn and rice soared 26 percent from June to November, nearing the peaks reached during the global food crisis of 2008, according to the Food Price Index kept by the United Nations’ Food and Agriculture Organization. The price surge has continued in December, with foodstuffs and basic commodities hitting new highs and expected to climb further in 2011.

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China embraces GMO foods, debates regulatory framework

By Reuters

China’s National People’s Congress, or parliament, is proposing legislation on the management of genetically modified (GMO) food, the official Xinhua news agency said in a report seen on Monday. The legislation will cover the import and export of GMO food and production, development and research of GMO grains.

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