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Food Price Crisis: A Wake Up Call for Food Sovereignty

May 1, 2008

Food prices have been increasing sharply since 2005. According to the World Bank, global food prices have climbed by 83% over the last three years. The real price of rice rose to a 19-year high in March 2008―an increase of 50% in two weeks alone―while the real price of wheat hit a 28-year high, triggering an international crisis.