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Globally, commodity prices have risen over the past 12 months-not just food prices.
Food Prices have increased by less than the average of all commodities.
The prices received by U.S. farmers are higher during the past 12 months.
The prices paid by U.S. farmers are also up, especially for fuels and fertilizers.
Retail food prices are forecast to increase 5 to 6 percent in 2008 4 to 5 percent in 2009.
Recent increases are large in relation to recent time periods, but not close to the changes in the 1970's.
Global Economic Growth
Weather
Export Restrictions