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Forex Flash: China food prices may surge 15% by mid 2013 - Rabobank

By FXstreet.com,  September 19, 2012, 11:07:00 PM EDT

FXstreet.com (Barcelona) - According to Rabobank "The "mass liquidation" of animals will pick up in early 2013, helping to food prices hitting new highs. From Sky News: "The cost of pork is expected to rise at the fastest pace - by 31% by the end of June next year - while beef costs could increase by up to 8%." "This record cost of meat and dairy will combine with already-high crop prices to increase food prices by 15% by the middle of next year," Rabobank commodity trader Mr Higgins notes.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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