FAO Report Highlights ‘Alarmingly’ High Food Price Increases, Forecasts Food Import Bills Could Exceed $1T In 2010

International food import bills could exceed $1 trillion in 2010, the U.N. Food and Agriculture Organization (FAO) said Wednesday in its Food Outlook report (.pdf), which found that wheat and other food staple prices have increased “alarmingly” over the past year, the Associated Press reports (11/17)…