In five years' time, we could be living in a world where millions are dying in famines with no food aid to hand, regular storms and droughts wipe out acres of crops, and skyrocketing food prices have created global political panic, food experts say.
<p>Starbucks Corp said on Tuesday it plans to close 600 underperforming stores and eliminate as many as 12,000 full- and part-time positions, lifting shares nearly 6 percent</p>
<p>Soaring commodity and fuel prices are driving up costs for manufacturers; faced with a choice between raising prices (which consumers would surely notice) or quietly putting fewer ounces in the bag, carton or cup (which they generally don't) </p>
<p>For thousands of other small-town residents across the country who drive long distances to jobs that pay little more than minimum wage, the high cost of gas is making that daily commute cost-prohibitive. </p>
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South Korea said it will resume imports of U.S. beef after American and South Korean suppliers agreed to block meat from older cattle, aiming Saturday to soothe health concerns that sparked weeks of demonstrations against new President Lee Myung-bak.
Battered by soaring fertiliser prices and rioting rice farmers, the global food industry may also have to deal with a potentially catastrophic future shortage of phosphorus, scientists say. Researchers in Australia, Europe and the United States have given
NEW YORK - Raging Midwest floodwaters that swallowed crops and sent corn and soybean prices soaring are about to give consumers more grief at the grocery store. In the latest bout of food inflation, beef, pork, poultry and even eggs, cheese and milk are
