UN warns about higher food costs

UN warns about rising food costs
Expect higher food prices and volatile commodity markets, says a report by the UN's food organisation.

Wet harvest may raise food prices
Wet weather affecting harvests could cause food prices to rise further, industry experts warn.

Venezuela lifts basic food prices
Prices of basic foods from bread to beef rise by up to 50% in Venezuela after the government eases price controls.

G8 urged to act over oil prices
Japan and the US vow to call for "swift action" on oil and food prices at next week's G8 summit.

US producer prices up 1.4% in May
US producer prices jumped by more than many analysts expected in May amid soaring fuel and food prices.