"Everywhere, the cost of food is rising sharply. In recent years, the world’s developing countries have been growing about 7 percent a year, an unusually rapid rate by historical standards."
“Everyone wants to eat like an American on this globe,” said Daniel W. Basse of the AgResource Company, a Chicago consultancy. “But if they do, we’re going to need another two or three globes to grow it all.” (NYT)
UPDATE: Australia's worst drought on record causing a large increase in the cost of wheat. [In this part of Australia] "water-starved farms and cavernous empty grain silos have the potential to create a ripple effect which spreads around the globe." (bbc)
Monday, March 10, 2008
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