Food prices are set to increase as China’s farmland is lost to development. In the past dozen years, a total of 8.33 million hectares (20.6 million acres) of crop-producing land has been claimed for factories and residences as the urban population continues to swell.
Ã¢â‚¬Å“ChinaÃ¢â‚¬â„¢s increased demand for agricultural commodities will mean an increase in prices for the entire world market,Ã¢â‚¬Â said David Stroud, chief executive officer of New York-based hedge fund TS Capital Partners. Ã¢â‚¬Å“China can outlast any other bidders for the commodities it desires.Ã¢â‚¬Â
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