World Food prices Sharply Rise Which may well Cause InflationFor a couple of time, numerous parts of the world food costs have risen considerably. In Hungary, the food costs have 13% higher than a year ago; in China, food costs rose 6% compare with last year; while Germany, Italy along with the UK the food prices have at the same time been risen; in the United States, food costs index in February rose 4.6% than last month, food costs rose 3.1% than previous year. Worldwide food prices rise so dramatically, what is the reason? Whether or not this rising trfinish will continue? What impact will have on the economy? U.S. Food professional said thin the food prices rise cautilized by the production of biological fuel ethanol. Production of bio-fuels takes at the same time considerably of the land. In the United States, an acre of land planted corn develop fuel is equivalent to 50 gallons of gasoline. Although Americans burn 134 billion gallons per year of gasoline; Europeans are close to this number. U.S. Requirements 800 million acres of land to grow corn can meet ethanol to replace 10% of gasoline requirements. An additional skilled, the U.S. Department of Agriculture financial analysis Service agricultural economist Annette pointed out that corn are utilized extensively for feeding livestock, food prices rise will lead to other food prices rising, Whether It is beef or chicken, of course, cattle, they all ein the best feed, the price will surely rise, like milk and cheese products. Annette believes that unless the United States and Europe to stop u ...[ ]
You may Also Want to Read Regarding. :
Popular Search :, Read , News on
ไม่มีความคิดเห็น:
แสดงความคิดเห็น