
According to Gabriel, the spike in food prices is coming from a variety of sources like poor harvests, increased global demand, and huge growth in commodities investment. The real culprit in the global food crunch isn't the growing market for biofuels, he says. Instead, it's speculators that have driven commodity prices to astronomical levels, breaking down the normal relationship between supply and demand. Of course, the same can be said about the price of oil.
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