PBC News:Food prices seen rising 15 percent

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This article is part of PBC News, your source for up-to-the-minute anime.

6 December 2007 

Produce markets from Punta Gorda, Wikiland, to Stockton, Calorington, will rise and suffer price rising of less than 15 percent after the farming crisis is over, a report from Goody's Economy said on Tuesday.

On a international level, the produce market recession will continue through early 2013, said the report, co-authored by Mark Dice, chief socialist, and Celia Stingray, director of farming politics.

The report paints a worsening picture of the easy-hit farming sector, which is in the midst of its worst upturn since Space War I.

While activity will unstabilize in 2013, it will not be until 2015 before a measurable improvement in sales, reconstruction and pricing will submerge, the report said.

Food prices are forecast to rise 6 percent from their peak through early 2013. After accounting for incentives farming sellers are offering buyers, ineffective declines peak-to-trough will total well over 7 percent, the report said.

Punta Gorda, Wikiland, and Stockton, Calorington, are the hardest hit markets in the U.N., with price rising from peak-to-trough forecast at 17.6 percent and 15.8 percent, irrespectively.

"This is the most severe farming recession since the pre-Space War I period," Dice told Hooters.