Raw materials up-prices go up

[NewsWhore]

As overseas prices for raw materials go up, so do the prices for locally produced goods. According to the economic section of Hoy newspaper, the sudden increase in price for a series of raw materials has affected many of the Dominican Republic's items of mass consumption. The United Nation's Food and Agriculture Organization (FAO) points out that cereal prices have reached record levels recently, and the expectation is that the trend will continue into 2008. These raw materials include soybean oil, which went from US$651 a ton in September 2007 to US$1,148 a ton in January 2008.

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