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What is Global Food and Oil Price Trends 2000-2011 about?

The line graph illustrates the correlation between global oil prices and the food price index from 2000 to 2011, showing a significant increase in both commodities. Starting at around $25 per barrel for oil and just under 90 points for food in 2000, both prices rose steadily, peaking in 2008 before experiencing a decline in 2009. By 2011, oil prices reached nearly $100 per barrel and the food price index hit almost 240 points.

Author

gc9959767

Language

EN