bal crisis and causing political and economical instability and social unrest in both developing and developed nations.Р1. What happened in the 2007-2008 world food price ? crisis?РTipsР10Р2. What was the main reason of the 2007-2008 ? world food price crisis?РTipsРInitial causes of the 2007-2008 price spikes included droughts in grain-producing nations and rising oil prices. Oil price increases also caused general escalations in the costs of fertilizers, food transportation, and industrial agriculture. Root causes may be the increasing use of biofuels in developed countries and an increasing demand for a more varied diet across the expanding middle-class populations of Asia. All of these factors, coupled with falling world food stockpiles, contributed to the worldwide rise of food prices.
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