Blog about the upcoming food shortage crisis

Everybody throws stones at the prophet, but when the crisis comes they yell: “Why nobody warned us?”

Food is getting pricy

I have just had a three days of KFC and Burger King. What it means is that I have been eating a junk food, instead of cooking a proper meal for myself. Today I am also dining out in the city, probably in the fast food again, as I am a student and could hardly pay for the restaurant meal, at least not during the working week.

At the meantime Zimbabwe annual inflation comes to 100000% and former millionaires save up to pay for their daily meals. Phillipines move into the crisis as about 700,000 farmer families become impoverished in three years (2004-2006) by the rising food prices according to The Inquirer. Food prices will countinue rising up to 2010. Phillipines now have to import grain from Vietnam at 460$ a ton. The price of this grain has doubled since the last year.

UN’s World Food Programme has assesed world food price increase at the level of 40% according to the Guardian. Western countries are going to tackle the crisis by joining forces of public and private sector in the aim to bring 13 m of hectares of arable land in the CIS (Commonwealth of the Independent States) back in the production. Read on for more.

While the world is hastingly preparing to face the crisis, farmers enjoy the time. According to RTE Business, UK company Origin Enterprises has benefited from the crisis. Operating profits have enjoyed 70 percent increase since last year and revenue has jumped up 43%. Read here.

Jeremy Cooke from BBC takes a look at two different farmer families. First one is producing wheat, which has become a commodity and sells well. Ed Buscall from Norfolk expects to increase the production 10 to 20 percent next year. However Neville Kemp, who produces Aberdeen Angus beef, is not as happy. He has to buy wheat to feed his cattle and as prices rise 50%, he struggles to keep production.

In conclusion, it could be said that British people are not missed by the food price increase. The average food bill has gone up £400 a years and some families have to tighten their belts as they face the staggering increase in food prices and utility bills go up as well. Retailers and big factories are passing the prices increase over to the customers and as salaries fail to keep up with inflation, customers are the ones losing buying power.


March 11, 2008 - Posted by | Uncategorized

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