Commodity price shocks
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Commodity price shocks are times when the prices for commodities have increased suddenly. [1]
[edit] 1971–1973
At the time of the 1973 oil crisis the price of corn and wheat went up by a factor of three.
[edit] 2005–2008
The 2007–2008 world food price crisis has seen corn, wheat, and rice go up by a factor of three when measured in US dollars.
[edit] References
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