The cost of everything from cereal to vegetables is at its highest level in nearly a decade

Abdolreza Abbassian, senior economist for the UN Food and Agriculture Organization, says surprising demand for corn in China, an ongoing drought in Brazil and increased global use of vegetable oils, sugar and cereals has caused prices to surge rapidly around the globe.”The demand, really I would say, is almost surprising everyone,” Abbassian told CNN Business. “This demand requires a strong supply response.”Global inflation is raising prices on virtually everything, from food to steel to lumber and energy. In countries that

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