Global Food Crisis Makes Prices Reach Peak

Climate change, in particularly global warming, is considered the cause for extreme weather across many regions over recent years. As  the consequence, the shortage of food, the continuously increasing demand and other market forces have affected the price of everything, especially  – according to World Bank Instability Report – meat, sugar, rice, wheat and maize soars reach the highest level during five years.

 

Corn in United States


Although the government reported about the reduced crop this year, specialists believe that there is no significant increase in cost of food such as bread, cornflakes and basics, because grains only take a small part in cost of those items and much goes on transport and marketing. However, corn is the main source of animal and cattle feed in America, so the increasing price of corn will have some effect on meat and dairy farms.

Harvested corn on a farm in Illinois, U.S

 

 

Potatoes in Israel and Palestine

 

Over a month, the price of tomatoes has risen seven – or eightfold and remain at £2.50 per kilo in Israel and Palestine as a result of unusual heat. The government has waived taxes on imported tomatoes for the rest of the year to help reduce the price and erase the shortage. Same scenarios happen in Egypt and Turkey – where price has tripled in recent weeks.

From a basic diet, potatoes become expensive delicacy to many housewives

 

 

Garlic in China

 

The very good performing of garlic last year made its price drop to 4 pennies per kilo, and many farmers turned to other crops. But this year, with the surprisingly increase in demand and bad harvest, the price hit the ceiling of £1.24 per kilo. It\’s the only example of rising food prices in China, where family\’s food costs had been reported to be double over the past two years. Therefore, Chinese consumers have to face difficulties to maintain their living condition while salaries increase very slowly.

A Chinese worker with bags of garlic at a market in Hefei, China

 

 

Sugar in Pakistan

 

Milky tea with a mound of sugar is always the national drink in Pakistan. Considered the second important food after bread, the annual consumption of sugar is around 4m tonnes. In recent years, the price of Sugar is rising up due to dramatic increase in demand, adding more misery to Pakistanis while the country still suffers from flooding, power shortage and economic issues.

A line of customers waiting to buy sugar in Rawalpindi

 

 

Wheat in Russia


The price of bread has increased by 20% over the past two months due to the increase in wheat price. When Russian Economy is still struggling to recover from recession and so far, it seems that the government has no solution to improve food inflation at the moment. In addition, with the doubling cost for animal feed, the price of meat and milk products will surely reach the peak soon.

Workers at Stavropol bread-baking plant in Russia

 

Related links:

FoodSecurity in Developing Countries

Major Challenges Remain for Global FoodSecurity

I am the economic expert and analyze the economic situations in the world. Currently, I often address lectures on economic solutions to students and supply advice for companies and firms.

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