Agricultural Prices Skyrocket in France

October 26, 2007 (LPAC)--While the French bureau of statistics (INSEE) noted only a minor increase in the price of foods, the price of agricultural products in France skyrocketed in September. Cereals were up 20.5% in September over August. Soft wheat, used for bread, doubled in price over a one year period, and exploded with a rise 23.2% in September alone, showing an exponential increase. Soy went up 24.7%, in one month. Since it is used to feed livestock, the price of veal increased by 12% for the year, and poultry 14%. The price of fruit increased by a whopping 23.7% in September over August, while vegetable prices dropped 3.9%. Milk prices are expected to rise by 20% between now and December.