Slightly Concerned
Without meaning to sound like a scaremonger: something I saw recently scared the living daylights out of me... You dont need an economics degree to figure this one out....
Is it me or is the shit about to hit the fan?
NOTE: That you see right there is a trebbling (3x) in the USD price of wheat for the last couple of years. Wheat is the staple food for half the world and much of our human diet is based on it, not just directly in the form of breakfast cereal and bread, but also indirectly in the form of stock feed for farm animals which produce our milk, egss and meat. Perhaps the effect is not so high in western societies where diet only makes up 10-20% of family incomes, but in poor countries or the majority of the world population food makes up closer to 100% of family income. Whats going to happen when they can no longer afford to feed themselves?
posted by Steven de Salas @ 11:26 PM
1 comments
1 Comments:
Im not sure that poor countries which produce wheat to feed themselves necessarily rely on the open market price.
They probably dont even participate in the market, i bet a lot of wheat is simply grown and eaten locally and that accounts for most of the consumption.
It might only affect countries who import a lot and or cant grow it themselves... ?
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