dinsdag 14 oktober 2008

The end of cheap food?


One of the most noticeable features of the last years is that the basic foods are in very short supply and in this context we can easily speak of a worldwide tendency. The most remarkable fact about what is called 'agflation' is that the mile-high prices aren't effectuated by scarcity but on the contrary by abundance. There are two main arguments given: the first one is the increasing wealth in China and India, that implies a bigger need for meat, which requires more grain to raise the animals and the second one is America's enlarging demand for ethanol which is the main reason for the increase in grain prices. This could indicate that we'll have to say goodbye to the low food prices forever.

Michiel Laporte

1 opmerking:

EcoEnglish zei

One of the most noticeable features of the last years is that the basic foods [food is uncountable, so no plural form] are in very short supply and in this context we can easily speak of a worldwide tendency. The most remarkable fact about what is called 'agflation' is that the mile-high prices aren't effectuated by scarcity but on the contrary by abundance. There are two main arguments given: the first one is the increasing wealth in China and India, that [which] implies a bigger need for meat, which requires more grain to raise the animals and the second one is America's enlarging [growing] demand for ethanol which is the main reason for the increase in grain prices. This could indicate that we'll have to say goodbye to the low food prices forever.

good flow, mind some language issues

olaf