You are browsing the archives of 2007 December 18
The unfortunate reality of food price inflation, as pointed out in a recent article appearing in The Independent, is that those on fixed incomes – the unemployed, disability beneficiaries, and retirees – tend to be the hardest hit. At least that’s the case in most developed nations. But as the latest report from the UN’s Food and Agriculture Organisation (FAO) points out, high grain prices are hitting, and will continue to hit, developing countries the hardest. In some countries, such as in Mexico, Morocco, Yemen and Senegal, rioting has erupted due to the rising price of cereal based food staples. According to The Independent’s Michael Savage, there are essentially three factors underpinning spiralling global food costs. These...
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