| In March of 2008 the price of food commodities hit an all-time high, sending 100 million people into the ranks of the hungry, worldwide. Food price inflation got started with droughts, rising oil prices, and an increase in demand for grain (mostly coming from feedlots and biofuels plants). Then, as prices rose, investors-hungry in the aftermath of the housing bust-pounced on rising commodity futures, creating a "food bubble." |
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