September 05, 2010
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Food to rise on lack of credit
Updated On: Feb 25, 2009 (10:49:00)

"Food to Rise on Lack of Credit, Nestle’s Brabeck Says,"February 2, 2009. Andreas Scholz and Thomas Mulier. Bloomberg News.

 

"Food prices may rise because a lack of credit for farmers curbed their ability to buy seeds and fertilizers and may limit production, Nestle SA Chairman Peter Brabeck-Letmathe said.

Cocoa, used to make chocolate, reached its highest since at least 1989 in London on Jan. 29. Robusta coffee has advanced 8 percent this year, while the arabica variety is about 5 percent higher. Wheat, corn, rice and soybeans on the Chicago Board of Trade have all declined... "






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