Tuesday 3 June 2008

Rising food prices

As Mrs M complains about the rising cost of staple foods such as bread and milk the UN's Food and Agriculture Organisation (FAO) - has warned the industrialised countries that unless they increase yields, eliminate barriers and move food to where it is needed most, a global catastrophe could result.

The recent food crisis is believed to have pushed 100 million people into hunger worldwide. Poorer countries are faced with a 40% increase in their food imports bill this year, and experts say some countries' food bills have doubled in the past year.

According to the World Food Programme higher food prices are rooted in increased energy costs, rising demand from economic growth in emerging economies, the growth of biofuels and increasing climatic shocks such as droughts and floods.

The map below shows how the rising cost of food is affecting countries ballance of trade. Balance of tarde is the difference between the cost of exports and the cost of imports for a country.





2 comments:

Anonymous said...

Hi Mr M

There was a good piece by the BBC's Mark Mardell about food prices and how trade between rich and poor nations can be part of the problem:

http://tinyurl.com/6o8msc

Reminds me of geography and economics classes ;-)

Mrs Marshall said...

Since Mr M has made me out to be a whining,moaning woman I feel the need to reply.

I think that we need to consider when and what we eat. Out of season food travels many food miles using fuel, excessive packaging is detrimental to the environment and meat production uses many more kg of grain to raise the animals.

We need to eat more vegetarian food, reduce packaging and eat in season.

Think about that when you complain we're eating chickpeas, Mr M!