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Global food prices are spiralling skyward.
From Cameroon to Mexico, riots have erupted as staples like rice and corn flour become unaffordable. In Pakistan, wheat flour prices have doubled. World soybean prices are at record highs.
The U.N. World Food Organisation (WFP) has warned of a "new hunger" spreading across the globe, plunging poorer countries into unrest and violence. The planet has never seen anything like this. Experts call it the worst food price inflation in history.
Originally posted by MikeboydUS
I hear the mud diet is all the rage now in Haiti. You got to bake it with oil and salt, then voila you have yummy tummy filling baked mud full of vitamins and minerals.
This assault on poor farmers down at the bottom of the food chain will be exacerbated at the end of 2007 when all tariffs on U.S. corn are abolished. Meanwhile President Calderon seeks to tamp down tortilla prices by importing up to 2,000,000 duty-free tons to augment what Mexican farmers can or cannot produce. Such a solution is guaranteed to drive more farmers off the land. Even worse is that much of the new influx of NAFTA corn will be transgenic.
Why has the price of the tortilla risen in Mexico? There are three reasons. First and foremost, it is due to hoarding and speculation by the agro-industrial monopolies. Second, the rising cost of gasoline, diesel, and electricity has affected production, transport, and processing costs. And third, the international price of corn increased due to its use in ethanol production. Only by looking at all three of these factors together, can we understand the recent spike in the cost of Mexico's staple food.
Originally posted by John_Q_Llama
The rising prices are more likely tied to a shortage in some grains, such as wheat, due to weak harvests last year.
Originally posted by Rockpuck
remember.. everything must be shipped from somewhere.. we don't eat local produce anymore.