According to a report from the United Nations, global food prices climbed 2.6% last month because of weather. The report also says that instability in Ukraine, the world's sixth-largest grain producer, could cause more volatility in the future. And there is a new warning that an "El Nino" weather system could be emerging that could also drive food prices higher. In our poll question today, we want to know: have rising food prices changed your grocery shopping habits? Vote in our poll and leave a comment below.
And, did you hear? We’re in a cheese war. A bipartisan group of Senators, more than half the chamber, have banned together to fight what they call an “absurd” European Union initiative that would force name changes to some common cheeses made in the United States, like Parmesan, muenster and feta. Those names, according to the E.U. initiative, are “geographical indicators” and should be used only on cheeses made in specific areas of Europe. The Senators are urging U.S Agriculture Secretary Tom Vilsack and U.S. Trade Representative Michael Froman to fight the measure. In the corresponding video, Yahoo Finance Editor-in-Chief Aaron Task talks to Lauren Lyster about the measure, if it’s going to help Europe’s struggling economy and perhaps the most important question: what does this mean for Swiss cheese?
Finally, the maker of Candy Crush Saga, King Digital Entertainment, said it expects to price its U.S. initial public offering between $21 and $24 per share, valuing the company at about $7.56 billion. Lyster and Task talk about the company’s valuation and whether it’s a sweet deal.
- Consumer Discretionary
- United Nations