WASHINGTON — A White House official yesterday told Reuters that high global food prices will likely be a persistent problem for the next two to three years, as the world replenishes depleted stores of grains and soybeans. "Our estimate is that those prices will continue to stay high, not escalate at the same rate as they did last year. Inventories have been depleted and it will take awhile to rebuild those inventories," Edward Lazear, chairman of President Bush's Council of Economic ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.