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Western Drought Drives Up Food Prices

Date:
February 27, 2014
Source:
AP / Powered by NewsLook.com
Summary:
The ongoing drought in California and other western states is starting to bump prices up at the grocery store. As AP's Haven Daley reports, beef may be the first food item to see an increase. (Feb. 27) Video provided by AP


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last updated on 2014-12-18 at 7:35 pm EST

Food Inequality Won't Slow Whole Foods, Sprouts

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TheStreet (Feb. 26, 2014) — Prices may be higher at organic food stores, but that won't slow growth at natural food sellers like Whole Foods and Sprouts, says Joe Dobrow, author of "Natural Prophets". The natural products industry has grown to over $100 billion in the past 25 years as Americans have learned to appreciate the value of healthy eating, says Dobrow. He also says the major food companies like Mondelez and Nestle are joining in the trend by buying successful natural food operators and growing their brands while letting them keep their values. Video provided by TheStreet
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EU Considers New Biofuel Rules

EU Considers New Biofuel Rules

Xinhua News Agency (Oct. 18, 2012) — The European Union is considering limiting the amount of food-based biofuels as this year's drought in the US pushed up food prices worldwide.
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The Global Food Crisis What's Behind It?

The Global Food Crisis What's Behind It?

Deutsche Welle (Sep. 24, 2012) — Staple foods are becoming increasingly expensive. Wealthy western countries are largely unaffected by the problem but the developing world is badly hit. People there are having to spend most of their income on food, and many can no longer afford even the basics. Meager harvests are not the only factors driving up food prices. We look at the roots of the problem.
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Rooster Infertility Drives Up Price of Chicken: Crisis at the Coop

Rooster Infertility Drives Up Price of Chicken: Crisis at the Coop

TheStreet (July 10, 2014) — Aviagen Group, the largest producer of breeding chickens, has found that tweaking the genes of its mainstay rooster has rendered the crowing male chickens less fertile. That genetic fallout is set to hit Americans right where it hurts -- in the wallet. The Aviagen roosters, no longer quite cock of the walk, produce about 25% of chickens raised for food in the U.S. Heightened prices of beef and pork have already made demand for chicken soar this barbecue season. But the increasing impotency of the roosters exacerbates an already short supply of breeding chickens, the result of a 2011 boost in feed prices, and consumers will see more expensive broilers. Investors, though, can cash in on two stocks in particular, Tyson Foods and Sanderson Farms. Video provided by TheStreet
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