Food prices are now soaring to new highs only three years after the 2007-08 food crisis. The international prices of wheat, for example, increased by 85 percent between June 2010 and January 2011. Domestic food prices are also rising in many countries. Food inflation in China, for example, rose to 10 percent between December 2009 and December 2010, driven mainly by higher prices of meat, dairy, vegetables, and fruits.

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