Friday, January 28, 2011

Food Inflation Expected To Reach 50% For Some Countries This Year

The world is facing a commodities crisis that could leave millions unable to afford the rising costs of food as population levels soar

Food Prices To Rocket By 50% As Global Hunger Epidemic Causes Riots And Famines -- The Daily Mail

* 'Perfect storm' of issues will bring widespread starvation if nothing is done
* Food prices to rise by 50 per cent over the next decade
* GM crops will be needed to feed the world
* Global population to grow to 9billion by 2050

The cost of food will soar by 50 per cent over the next few decades as the world becomes racked by famine, mass migrations and riots, experts have warned.

The increase will be triggered by the exploding world population, rising cost of fuel and increased competition for water, according to a leading Government think-tank.

Spiralling food prices will push hundreds of millions of people into hunger, trigger mass migration and spark civil unrest, the report warned.

Read more ....

My Comment: A perfect storm of drought, floods, and failing crops is probably going to give many countries a lot of grief this year when it comes to the price of food supplies.

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