Thursday, June 05, 2008

Global Food Crisis

10 suprising implications of high food prices.

"In 1798, Thomas Malthus famously and grimly predicted that population growth would be perennially held in “check” by inherent limits to food production. While the following 200 years have certainly witnessed their fair share of famines and food crises, the supply of food generally kept pace with demand, and life went on. Over the last decade, however, the demand for food has risen faster than supply, causing food prices to climb faster than the rate of inflation. The World Bank noted that since the year 2000, food prices have risen 75%, a figure which conceals even more dramatic increases, such as a 200% increase in the price of wheat and a 250% increase in the price of rice."


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