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Get Ready: Experts Project 2010 Will Be A Year When Food Prices Dramatically Increase

According to the most recently released data, it looks like food prices will experience a dramatic increase in 2010. For example, a new Bloomberg survey of importers, exporters and analysts indicates that the price of rice may experience a 63 percent increase in the coming year. Not only that, the U.S. government is projecting that the price of nonfat dry milk could jump by up to 39 percent in 2010.  In addition,  JPMorgan Chase is forecasting a 25 percent rise in the price of sugar.  (Read More.....)