Blog: Counting the real cost of soaring food prices
Dean Best | 12 March 2008
The price of wheat has soared 130% in the past year and with a global population expected to top 9bn by the middle of the century, pressures on the world's resources such as land, water and oil show no sign of abating.
Yet it’s not just the price of wheat that has risen in the last year. Other staples such as corn and soya are trading at well above their 1990s averages, with an 87% rise in soya and a 31% increase in corn.
As we have discussed on these pages before, a large cause of this is the rising price of oil and fears over climate change which have seen a tremendous uptake in the use of maize to make bio-fuels, which in turn has pushed food prices right up.
There is little doubt that food inflation has become an emotive topic in the world's media and the subject has the potential to be hijacked by any number of interest groups. It's useful then to be able to fall back on some hard facts every now and then.
That's just what the BBC has done this week as part of its look at the subject and these tables - the link is below - are worth bookmarking.
To follow on from our earlier notice and after some hard work from our technical team, just-food is back live after today's power outage....
Much of the UK has felt the impact of Storm Doris today - and just-food's head office has been no exception....
A year after union officials alleged Fyffes abused workers on plantations in Central America - and called on the produce giant to be kicked out of the Ethical Trading Initiative forum - the company is...
Much of the chatter about where 3G Capital could look next has centred on packaged food - but might the private-equity fund be about to extend its foodservice empire?...
- CAGNY analysis: Danone's growth strategy
- US food next wave on display at Winter Fancy Food
- How General Mills plans to grow - CAGNY
- Comment: Meal kits in US - don't believe the hype
- Interview: A2 Milk Co. chair firm's rapid rise
- Unilever launches operational review
- Nestle launches global sugar target
- Bonduelle to buy US produce group Ready Pac Foods
- Unilever 'giving serious thought to split'
- ABF sees further grocery revival