September 6, 2008

Global droughts resulting in Wheat Shortage

Droughts caused by global climate change have led to a drop in wheat production, a worldwide shortage and high food prices around the world.

The global wheat supply is at its lowest point in 50 years, with wheat reserves so low that some countries will simply run out of wheat and flour. This has been one factor pushing the prices of bread, beer and other wheat-containing foods steadily higher. In Canada alone the price of flour has more than doubled over the past eight months.

Usually prices are more seasonal, going up or down 10%. But due to the worldwide drought its created a huge shortage of wheat, resulting in prices to double in countries that export wheat, and to be significant worse in countries that don't.

Also to blame for the global wheat shortage is rising population, coupled with increasing meat consumption worldwide. This has led to the increasing diversion of grain to animal feed.

Analysts anticipate that the shortage may be resolved within 12 months, when more farmers are expected to cash into wheat production. But even when the shortage resolves, food prices are only expected to keep climbing above the norm due to other factors, such as high energy and shipping costs.

Public health experts have expressed concern about the effect that rising food prices have on the poor. The United Nations recently reported that in 2007, the cost of food imports in the world's neediest countries increased 24 percent, to a total of $107 billion. Large populations will simply go without...

At which point some idiot in Washington will likely say "Let them eat cake."

No comments:

Post a Comment

Comments containing links will be marked as spam and not approved. We moderate every comment. If you want to advertise on this blog it is $30 per link.

Affordable Website Design & SEO

Looking for a quality professional website designer? Why not go where the smart money is?! Toronto Website Design and Toronto SEO. Get free SEO advice from people who really know the business.

Featured Posts

The Sarcasm Symbol
Ever had some confusion online or with your cellphone when someone fails to catch the sarcasm? Well now with the SarcMark you can ge...
Behold, the Scorpion Hydrogen Supercar
CARS - To the right is the future of supercars... it is a hydrogen supercar called the Scorpion. The Scorpion from Ronn Motors in Texas is t...
Documents show Stephen Harper misusing public funds
CANADA - According to 950+ pages of documents obtained by the Canadian Press under the Access to Information Act the Privy Coun...
Pink's Rosie the Riveter
ENTERTAINMENT - What I like about this video is how it meshes different social movements like feminism, veganism, anti-capitalism...
California's Dustbowl
ENVIRONMENT - The photo on the right is a farm in California that has been put up for sale. Its just one of thousands of farms that are n...
Is Steampunk the New Goth???
GOTHIC - Watch out what you see on the subway late at night because while in 2001 you might have seen some pretty freakish goths, by 20...
Do you have enough Ice Water in your diet?
HEALTH - A Calorie (large C) is a measurement of the amount of energy needed to raise the temperature of a litre of water (1 kg's worth) ...
North Korean timeline towards Inevitable War
POLITICS - The following is timeline of events that have occurred on the Korean Peninsula. 1945 - Japan surrenders to the United States a...
Judgment Day is Tomorrow, so sayeth Cult
RELIGION - According to a cult based in California, Judgement Day is tomorrow (May 21st 2011) and Jesus Christ will return to the Earth a...
Sex in Space Forbidden
SEX/TECHNOLOGY - Sex in outer space is a big no-no according to NASA. Not for professional astronauts at least, but the growing numb...

Popular Posts