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Tuesday, March 08, 2011

Food prices to skyrocket, riots could follow, suggests USDA

READ MORE: Food prices to skyrocket, riots could follow, suggests USDA: "When the upswing in commodity prices eventually makes its way throughout the food system in mid-to-late 2011, food prices are sure to spike with levels potentially reaching those of 2008, announced U.S. Department of Agriculture (USDA) economist Ephraim Leibtag at the agency's annual Outlook Forum. And if conditions escalate rapidly, there is also the potential for food riots and other civil unrest."

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