Jun 17 2011
Forget the price of gas, maybe we should worry about the price of food.
Experts are saying food prices will rise by 30% over the next 10 years. Just in the last year, food prices have seen a 40% increase.
We’ve seen the political unrest that has caused this year, and it looks like things will get worse than in 2008, when rioting broke out in 20 countries due to the food price increases.
What’s driving the price increases are droughts and flooding that have devastated major food production areas. The global harvest is being termed “critical.”
Over the next 10 years, the annual rate of global food production will slow to 1.7% compared to 2.6% previously. Grain prices are expected to rise another 20% and chicken prices 30%.
With a current world population of nearly 7 billion, which is expected to grow to 9.2 billion by 2050, this type of news could be catastrophic.
- Officials predict prolonged high food prices (usatoday.com)
- Soaring food prices trigger diet changes (edition.cnn.com)