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Food price hikes: an ill wind or windfall?

Date Published: 
01/18/2011
Summary: 

In 2008 developing countries, and poor people within them, were hit hard by the price spike in the international cereals market. Once again food prices are moving up, not that far short of the levels seen three years ago, so does this mean another bout of hardship? Some think so. Last Thursday, the Guardian ran the headline "World food prices enter 'danger territory' to reach record high."