ROME (AP) - A U.N. agency plays down fears of a looming world food crisis as international coordination and flagging demand have led to a drop in food prices for the third consecutive month in December.
The food price index of the Rome-based Food and Agriculture Organization edged down 1.1 percent with drops in the international prices of major cereals, oils and fats. For 2012 as a whole it was down 7 percent from 2011.
Earlier this year the agency had warned that bad weather, including severe drought in North America, could trigger a repeat of the rioting and unrest that hit parts of the developing world in 2007-2008.
The agency's announcement Thursday said the results mark a reversal from July "when sharply rising prices prompted fears of a new food crisis."
UN says food prices drop again
posted on January 14, 2013
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This story is part of Market to Market #3820, which originally aired on January 11, 2013. Read all stories from this episode:
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LONDON (AP) -- In Britain, a horse is a horse - not a main course.
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Ten million...
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Coca-Cola to tackle obesity for 1st time in TV ads
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Report says warming is changing US daily life
posted on January 18, 2013 at 5:44 PM
WASHINGTON (AP) -- Global warming is already changing America from sea to rising sea and is affecting how Americans live, a massive new federally commissioned report says.
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University of Northern Iowa group aims to reduce food waste at landfills
posted on January 18, 2013 at 5:43 PM
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Subway 'crisis': Is footlong sub really 11 inches?
posted on January 18, 2013 at 5:43 PM
NEW YORK (AP) -- What's in an inch? Apparently, enough missing meat, cheese and tomatoes to cause an uproar.
Subway, the world's largest fast food chain with 38,000 locations, is facing widespread criticism after a man who appears to be from Australia posted a photo on the company's Facebook page of one of its footlong sandwiches next to a tape measure that shows the sub is just 11 inches.
More than 100,000 people have "liked" or commented on the photo, which had the caption "Subway pls respond." Lookalike pictures popped up elsewhere on Facebook. And The New York Post conducted its own investigation that found that four out of seven footlong sandwiches that it measured were shy of the 12 inches that makes a foot.
The original photo was no longer visible by Thursday afternoon on Subway's Facebook page, which has 19.8 million fans. A spokesman for Subway, which is based in Milford, Conn., said Subway did not remove it.
Subway also said that the length of its sandwiches may vary slightly when its bread, which is baked at each Subway location, is not made to the chain's exact specifications.
"We are reinforcing our policies and procedures in an effort to ensure our offerings are always consistent no matter which Subway restaurant you visit," read an e-mailed statement.
The Subway photo - and the backlash - illustrates a challenge companies face with the growth of social media sites like Facebook, YouTube and Twitter. Before, someone in a far flung local in Australia would not be able to cause such a stir. But the power of social media means that negative posts about a company can spread from around the world in seconds.
"People look for the gap between what companies say and what they give, and when they find the gap - be it a mile or an inch - they can now raise a flag and say, `Hey look at this,' I caught you," said Allen Adamson, managing director of branding firm Landor Associates in New York.
Subway has always offered footlong sandwiches since it opened in 1965. A customer can order any sandwich as a footlong. The chain introduced a $5 footlong promotion in 2008 as the U.S. fell into the recession, and has continued offering the popular option throughout the recovery.
An attempt to contact someone with the same name and country as the person who posted the photo of the footlong sandwich on Subway's Facebook page was not returned on Thursday.
But comments by other Facebook users about the photo ran the gamut from outrage to indifference to amusement. One commenter urged people to "chill out." Another one said she was switching to Quiznos. And one man posted a photo of his foot in a sock next to a Subway sandwich to show it was shorter than a "foot."
"I've never seen so many people in an uproar over an inch. Wow," read one Facebook post. "Let's all head to McDonald's and weigh a Quarter Pounder," suggested another poster.
The Subway footlong photo is just the latest in a string of public relations headaches that were caused by a negative photo or event about a company going viral.
Last year, a Burger King employee tweeted with a picture of someone standing in sneakers on two tubs of uncovered lettuce. Domino's Pizza employees posted a video on YouTube of workers defacing a pizza in 2009. And a KitchenAid employee last year made a disparaging remark about President Obama using the official KitchenAid Twitter account.
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USDA's crop report for 2012 to show drought impact
posted on January 14, 2013 at 9:33 AM
The U.S. Department of Agriculture has released its final crop report for 2012, showing heavy losses due to the drought still gripping much of the nation.
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UN says food prices drop again
posted on January 14, 2013 at 9:17 AM
A U.N. agency plays down fears of a looming world food crisis as international coordination and flagging demand have led to a drop in food prices for the third consecutive month in December.
Full Story