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Reasons for soaring prices [1]

AND all nations came to Egypt to Joseph to buy grain because everywhere the famine was severe:" Genesis 41:57 The Old Testament. The World Bank chief, Robert Zoellick, recently said that the demand for ethanol, droughts in Australia and Europe, financial market speculation, and increased demand for food due to rising incomes in China and India, has significantly contributed to "soaring" food prices around the world.

Publication Date: 
22/04/2008
Daily Star (Bangladesh) [2]
Tags:
Food Prices [3], Ethanol [4], Famine [5], Bangladesh [6]
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[1] http://admin.indiaenvironmentportal.org.in/news/reasons-soaring-prices
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/daily-star-bangladesh
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/food-prices
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ethanol
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/famine
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/bangladesh