Friday, June 17, 2011

Continuing world food woes.

As series of droughts spanning the northern hemisphere continues to place positive pressure on world food prices. While there has been some splotchy relief in the form of rains the majority of the damage has been done and the hoped for relief in low supplies from last year's price spike will probably not occur.

 


World wheat stockpiles are not increasing significantly/dropping (varying by source) for a second consecutive year and prices are near the all time highs in 2008 that led to food riots, contributing to what many believe is the source of much of todays ME and northern African unrest and political instability.




And although this drought cannot be linked to global warming (yet), climate instability will undoubtedly cause more fluctuation and stress in a bad and possibly worsening situation.

Today : To add to the problems recent excessive rains in the US and Canada may delay planting of this years crop, if not totally prohibit its planting in some areas.

Ref - 

Jun 6, 2011 Wheat Rallying 20% as Parched Fields Wilt From China to Kansas

Jun 10, 2011 - U.K. Declares Drought in Wheat Area

June 13, 2011 Europe Braces for Serious Crop Losses, Blackouts as Record Drought Persists

Jun 15, 2011 Wheat May Climb as Curbed Acreage in Canada Adds to Global Supply Concern

16 June 2011 French analyst cuts EU grain crop views due drought

16 June 2011 Estimate for EU wheat slashed even as rains arrive

Jun 16, 2011  Rain too late to help drought-hit EU rapeseed crop



Additional:

April 14, 2011 High and Volatile Food Prices Continue to Threaten the World’s Poor

Global warming not to blame for 2011 droughts 

Analysis: U.S. ethanol plants toy with wheat, committed to corn

Cattle prices rise as beef export sales jump

Drought in Horn of Africa threatens millions

1 comment:

  1. World's oceans in worse shape than previously thought. One of humankind's largest sources of protein too. http://www.bbc.co.uk/news/science-environment-13796479

    ReplyDelete