Chinese demand pushes up prices
Horsemeat scandal still has its effects
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SubscribeChinese demand pushes up prices “Over the long run I think food prices and the proportion of income spent on food may well be going up,” Clarke said during an interview with The Observer. “Because of growing demand it is going to change. It is the basic law of supply and demand.” With his statements, Clarke seems to have the same idea as the World Food Organisation, which only last month calculated prices of food will go up by almost 50 percent during the next decade. The main reasons for this are the growing global population and the rising...