World Heads Towards Food Crisis
Apr 11th, 2008 | By Merryn Somerset Webb | Category: Gold MarketThe world could be “one crop failure away from an actual food crisis”, said George Wehrfritz and Jason Overdorf in Newsweek. Driven partly by speculation, the per-ton cost of rice, wheat and corn has surged 50% or more since mid-2007; Thai white rice prices are up 40% since the start of the year and world rice stockpiles are at their lowest levels since the 1980s.