From the AP
Even with bigger crops, soaring food prices that have sparked unrest across the globe are likely to persist, threatening millions of people worldwide, a U.N. agency said Friday.
Prices of bread, rice, milk, cooking oil and other basic foodstuffs have sharply increased in the past months in many developing countries, according to a report by the Rome-based Food and Agriculture Organization. Prices of wheat and rice have doubled compared to last year, while those of corn are more than a third higher.
Grain prices have risen as a result of steady demand, especially from China and India, supply shortages and new export restrictions, FAO said.
