www.cmegroup.com Facts behind food prices

Scientists believe the people of central Mexico developed corn from teosinte, a wild grass, at least 7,000 years ago. Also known as maize, corn eventually spread north to the southwestern United States and south to Peru. Columbus acquired corn from Indians in America and brought it back to Spain. From there it spread to Western Europe and, in time, to the rest of the world; corn is now produced on every continent except Antarctica.

Today, numerous varieties are cultivated, but the most common are flint, dent, sweet, and popcorn. Corn is nutritious, providing fiber, which aids in digestion, plus folate, thiamin, phosphorus, vitamin C, and magnesium (about 10% of the daily value for each). 

Today’s infographic shows some interesting facts about the hidden factors behind increasing food prices.

Did you know that the EU produced only 7% of the worldwide total corn production in 2014?