Monday, June 30, 2008

World food prices may rise due to Midwest flooding

Worst Midwest flooding in 15 years

World food prices may rise due to Midwest flooding

ST. LOUIS -- Levees on the cresting Mississippi River held on Sunday as the worst U.S. Midwest flooding in 15 years began to ebb, but multibillion-dollar crop losses may boost world food prices for years.

Water levels on the river receded for the second straight day as mostly clear weather gave saturated areas a chance to start draining. Forecasts for similar dry weather in coming days gave further encouragement. More

 

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