Rising Demand Will Increase Food and Oil Prices
2007-11-09
Rising demand for food in developing countries will increase global food and oil prices. According to Credit Suisse, global demand for food and biofuels will grow at about 3.3 per cent per annum - compared with the historic average of 2.3 per cent. So the outlook is for agricultural, commodity and oil prices to carry on rising. The $100 barrel of oil could be just the start. Refer: Urban Ecology News
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This blog maintained by Michael Robertson who works with Urban Ecology Australia.
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