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According to the World Bank, the cost of certain food staples has climbed by 50 per cent over the past six months and the food index it tracks is up 29 per cent year over year. …
…Experts make the point that the food price crisis of 2008 never went away, it was just eclipsed by the credit crisis and other issues while the fundamental food problem got worse.
...the current food price spiral is the result of fundamental imbalances of supply and demand, extreme weather patterns, the emergence of a middle class in emerging economies and other structural points.
The truth is simple: There are ALWAYS droughts, floods and famines - which is why nations used to stock pile food reserves. But, following the legal precedent set by the US-Canada Free Trade Agreement, most nations handed over control of the world's food supply to the global mega-corporations, under new "Free Trade Agreements." Result? No more national food stockpiles.
Now, our food is a high profit commodity, and food supplies are manipulated for higher profits than ever.
Originally posted by Laurauk
Well you just have to look at the amount of food, places such as supermarkets, chuck out daily, and there is people starving around the world, and the prices increase, it is a complete joke and it is disgusting to say the least.
The truth is simple: There are ALWAYS droughts, floods and famines - which is why nations used to stock pile food reserves. But, following the legal precedent set by the US-Canada Free Trade Agreement, most nations handed over control of the world's food supply to the global mega-corporations, under new "Free Trade Agreements." Result? No more national food stockpiles.
In The Great Hunger Lottery, the World Development Movement has compiled extensive evidence establishing the role of food commodity derivatives in destabilising and driving up food prices around the world. This in turn, has led to food prices becoming unaffordable for low-income families around the world, particularly in developing countries highly reliant on food imports.
Originally posted by Laurauk
Well you just have to look at the amount of food, places such as supermarkets, chuck out daily, and there is people starving around the world, and the prices increase, it is a complete joke and it is disgusting to say the least.