SOARING FOOD PRICES HAS REACHED OUR DOORSTEPS
SINCE 2006 PRICES ARE GOING UP AND UP....KEEPING A STRANGE RHYTHM WITH OIL PRICES.
The price hike has affected virtually all major commodities.So, higher prices mean smaller portions, fewer meals and consuming foods with lower nutritional value. To afford essential food needs, many low and middle-income households must also cut spending on education and health.
Why are higher commodity prices not benefiting the poor?
Analysts generally consider higher food prices beneficial to poor countries that depend on export of agricultural goods. But this not happening because of international trade liberalization has transformed most developing countries from net-exporters into net-importers of food. Poor countries dismantled tariffs and other barriers to trade, enabling large agribusiness and subsidized goods from rich countries to undermine local agricultural production.
Why are food prices increasing?
1) Food prices have soared because agricultural production has not kept up with the rising demand for food consumption, cattle feeding and biofuel production.
2) Population growth in poor countries is boosting the grain demand for food consumption. But cereal demand for the feeding of cattle is increasing even more rapidly as consumers in both rich countries and fast growing.
3) The most important factor behind the sudden spike in food prices, however, is the rapidly growing demand for biofuels, particularly in the EU and the US. Of total corn production, 12% is used to make biofuel, and that share is growing fast. Concerns about global climate change and soaring energy prices have boosted demand for biofuels.
PLEASE DO YOU PART IN NOT BEING WASTEFUL ....TAKE ONLY WHAT YOU NEED!
"WASTE NOT WANT NOT"