Food Prices
Global agricultural markets, in economics lingo, are "thin," meaning that most of the food produced on Earth does not cross national boundaries. Only about 5 percent to 7 percent of all rice, for instance, is traded internationally. Other food types are traded more heavily, but very few see international trade rates higher than 20 percent of what is grown globally. This means the number of transactions is not high enough to guarantee consistent pricing ... Full Story »
Posted by Kaizar Campwala
