The New York Times takes an in-depth look into the rapid inflation of foodstuffs around the world. "No category of food prices has risen as quickly this winter as so-called edible oils." The article notes that price rises on cooking oil are especially tough on poor people in the developing world: "Food riots have erupted in recent months in Guinea, Mauritania, Mexico, Morocco, Senegal, Uzbekistan and Yemen." The article also mentions the Carrefour cooking oil stampede in Chongqing that claimed three lives in November.
You can see the reaction of Chinese consumers to surging food prices in the latest edition of the Hard Hat Show.
Luke @ 12:28 | .(3194) |
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