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US Expects Bigger Corn Crop to Ease Food Inflation

ST. LOUIS -- U.S. farmers are expected to boost the size of this year's corn crop, potentially easing global food inflation. The Agriculture Department reports that farmers intend to plant 92.2 million acres of corn this spring, a 5 percent increase over last year. That would make it the second-biggest corn crop since...

US Food Prices on the Rise [VIDEO]

Mideast Turmoil Risks Fueling Record Global Food Inflation

Global food prices rose for an eighth straight month on the back of a tightening supply of wheat and other cereal crops, and the current spike in oil costs could drive record prices even higher, the United Nations' Food and Agriculture Organization warned today. The FAO's food price index climbed 2.2. percent in February,...

Are Record Food Prices Fueling Global Instability?

Food prices are rising, warns the United Nations Food and Agriculture Organization, and the implications for global stability could be dire. According to the FAO, the monthly food price index rose 3.4 percent in January to the highest it's been since the organization started compiling the index in 1990. And it's only...

UN Report Predicts Food Prices Will Rise in 2011

(Nov. 17) -- Between wildfires, floods and drought, it's been a bad year for grain production worldwide. Now, a new report from the United Nations Food and Agriculture Organization predicts a bleak year for people around the world struggling with hunger. The report predicts that food prices will rise due to unfavorable...