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MSNBC: Food Prices Are Skyrocketing All Over the World

Ref - http://www.msnbc.msn.com/id/23781864/

If you’re seeing your grocery bill go up, you’re not alone. From subsistence farmers eating rice in Ecuador to gourmets feasting on escargot in France, consumers worldwide face rising food prices in what analysts call a perfect storm of conditions. Freak weather is a factor. But so are dramatic changes in the global economy, including higher oil prices, lower food reserves and growing consumer demand in China and India.