US floods hit food prices
By Hal Weitzman in Pike County, Illinois, and Javier Blas in London Consumers were warned to expect even sharper increases in global food prices after US officials said that some of the country's best farmland was facing its worst flooding for 15 years. Agriculture officials and traders said the damage could push up worldwide corn and soyabean prices, which have spiralled in recent days as floods have swamped crops in parts of Iowa, the US's biggest corn-producing state.
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