Corn prices soar, making food more expensive

With a jump that more than doubled the price of corn, from $130 to $299.6 per ton last year, it has a decisive impact on chickens and eggs, on dairy products and is changing the way of producing meat: cattle are leaving the feedlot pens to graze in the fields. The price doubled in one year due to the drought in the USA and Brazil and sustained world demand for food. In Argentina, this is excellent news from the point of view of dollar income from exports, but domestic food prices threaten to continue rising.

Source: Clarín