Food prices on the rise worldwide due to drought in U.S.
By: Jennifer Lee
Updated: August 9, 2012
As the country is facing a drought, food prices will soon be going up around the world.
According to a U.N. report, global corn prices have increased over 20 percent last month. The hike is due to drought conditions during critical stages of crop development.
Although consumers may face higher prices across the nation, one area farmer says it may be a different story here at home.
"Because of the local produce and fruits that are growing in New York, I think we make up the difference in prices because we don't have to travel or they are not on a truck very long. I think you won't really notice a big shift in prices locally," said George Joseph, owner of North Star Orchards in Westmoreland.
Joseph says a drought can be beneficial for certain crops, such as tomatoes that may've been in jeopardy of blight in wet conditions.
