Has Weather Conditions From Around The Globe Been Affecting The Cost Of Food At Your Grocery?

By Scott Sarvay

February 4, 2011 Updated Feb 4, 2011 at 6:38 PM EDT

UNDATED (Indiana’s NewsCenter) - Be prepared to shell out some extra cash at the grocery store courtesy of Mother Nature.

Global uncertainty about weather patterns for this year's harvest is causing food prices to sky-rocket world-wide.

In addition, low food supplies are translating to higher demand and higher prices.

Experts expect an increase of around three-percent in the U.S. this year.

The current situation is that corn and soybeans yields are down, more is being converted into bio-fuels, and over-seas exports are up.

But good weather isn't going to increase production enough to keep up with global population growth.

Experts say unless food supplies double by 2050 demand will continue to impact prices.




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