Food Crisis Looms: the Cost of Uncertainty
Written by Asinus Asinum Fricat on April 11, 2008 – 9:51 am -The sharp increase in food prices over the last couple of years has raised serious concerns about the food and nutrition situation of poor people in developing countries, about runaway inflation, and in some countries, growing civil unrest, as food riots break out across the globe.
Much has been written in these boards about the causes of rising prices and it should be noted that one of the major culprit is the shadow of “a new hunger” that has made food far too expensive for millions. Rising prices for all the world’s crucial cereal crops and growing fears of scarcity are sending shivers through international markets, creating turmoil and, as GWB is fond of stating his newly found word, uncertainty.
Uncertainty creates panic buying. Brokers know this well.
Tags: Costs, Food, IFAD, Monsanto
Posted in Biodiversity, Environment, Farming & Homesteading, Food, The Politics of Food | 9 Comments »