Since 1961, the world’s cereal output has tripled, while the population has doubled. Stocks are at their lowest level in 30 years, it’s true, but the bottomline is that there is enough food produced in the world to feed the population.
Yet the price of wheat has gone up by 130% over the last year. Rice has doubled in price in Asia in the first three months of 2008 alone. For most of 2007 the spiralling cost of cooking oil, fruit and vegetables, as well as of dairy and meat, led to a fall in the consumption of these items. More >>>
