
Food is now costing up to 70 percent of family income in the poorest areas of the world as rising prices are squeezing household budgets. The U.N. Food and Agriculture Organization’s food price index — which includes grains, meat, dairy and other items in 90 countries — was up 22 percent in March from a year earlier. In some Asian markets, rice and wheat prices are 20 to 70 percent above 2008 levels.'
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