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March 3, 2008 | Food Prices Soar: Few Are Able to Reap Benefits

Farmers are among the few beneficiaries of skyrocketing global food prices. ++ Governmental subsidies for producing biofuels combined with droughts and a growing demand for animal feed account for the high prices. ++ Food and energy issues are beginning to collide. ++ Speculation accounts for some of the price escalation, but as arable land becomes scarcer, prices are likely to remain high.

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Ralf  Fuecks
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