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Showing posts with label global food crisis. Show all posts
Showing posts with label global food crisis. Show all posts
Wednesday, October 17, 2012
Thursday, June 30, 2011
Getting Used to Life Without Food, Part 1
Wall Street, BP, Bio-Ethanol and the Death of Millions
William Engdahl
Financial Sense
My late grandfather, a man of sturdy Norwegian-American farm stock, who later became a newspaper editor and political activist during the First World War, used to say, 'A man can get used to pretty much anything with time, except dying...and even that with some practice.' Well, as fate has it, it seems we, the vast majority of the human race, are about to test that adage in regard to the availability of our daily bread itself.
Food is one of those funny things it's hard to live without. We all tend to take it for granted that our local supermarket will continue to offer whatever we wish, in abundance, at affordable prices or nearly so. Yet living without adequate food is the growing prospect facing hundreds of millions, if not billions, of us over the coming years.
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Grain Storage Wikimedia Image |
Financial Sense
My late grandfather, a man of sturdy Norwegian-American farm stock, who later became a newspaper editor and political activist during the First World War, used to say, 'A man can get used to pretty much anything with time, except dying...and even that with some practice.' Well, as fate has it, it seems we, the vast majority of the human race, are about to test that adage in regard to the availability of our daily bread itself.
Food is one of those funny things it's hard to live without. We all tend to take it for granted that our local supermarket will continue to offer whatever we wish, in abundance, at affordable prices or nearly so. Yet living without adequate food is the growing prospect facing hundreds of millions, if not billions, of us over the coming years.
Thursday, June 2, 2011
Tuesday, May 31, 2011
Food prices set to double by 2030, aid group says
"Now we have entered an age of growing crisis, of shock piled upon shock: vertiginous food price spikes and oil price hikes, devastating weather events, financial meltdowns and global contagion,"Oxfam said in a report.
MSNBC/Reuters
LONDON — Food prices could double in the next 20 years and demand in 2050 will be 70 percent higher than now, U.K. charity Oxfam said on Tuesday, warning of worsening hunger as the global food economy stumbles close to breakdown.
"The food system is pretty well bust in the world," Oxfam Chief Executive Barbara Stocking told reporters, announcing the launch of the Grow campaign as 925 million people go hungry every day.
"All the signs are that the number of people going hungry is going up," Stocking said.
Hunger was increasing due to rising food price inflation and oil price hikes, scrambles for land and water, and creeping climate change.
Read Full Article
MSNBC/Reuters
LONDON — Food prices could double in the next 20 years and demand in 2050 will be 70 percent higher than now, U.K. charity Oxfam said on Tuesday, warning of worsening hunger as the global food economy stumbles close to breakdown.
"The food system is pretty well bust in the world," Oxfam Chief Executive Barbara Stocking told reporters, announcing the launch of the Grow campaign as 925 million people go hungry every day.
"All the signs are that the number of people going hungry is going up," Stocking said.
Hunger was increasing due to rising food price inflation and oil price hikes, scrambles for land and water, and creeping climate change.
Read Full Article
Friday, May 6, 2011
Monday, April 25, 2011
North Korea visit to focus on food crisis: Carter
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© AFP Frederic J. Brown |
BEIJING (AFP) - A group of former statesmen led by ex-US president Jimmy Carter said Monday they will focus on food shortages, human rights and denuclearisation when they visit North Korea this week.
A delegation of "The Elders" group of retired state leaders will visit Pyongyang on Tuesday in a bid to ease tensions over North Korea's nuclear weapon programmes, they told a news conference in Beijing.
The four-member group, led by Carter, includes former Finnish president Martti Ahtisaari, ex-Norwegian prime minister Gro Harlem Brundtland and former Irish president Mary Robinson.
Sunday, April 17, 2011
Thursday, December 9, 2010
U.S. May Have `Problem' Meeting Surging Global Demand for Wheat, UN Says
Luzi Ann Javier
Bloomberg
The U.S., the world’s largest wheat shipper, may not have the logistical capacity to meet rising global demand after rains cut the quality of the harvest in Canada and Australia, the United Nations said.
As much as 8 million metric tons of Australia’s wheat harvest may be downgraded because of excessive rains and Canada’s output suffered from wet weather, pushing importers to seek alternative suppliers, said Abdolreza Abbassian, an economist at the UN Food & Agriculture Organization, citing government estimates.
“Right now, the only country that would have such supply to compensate for the downgrade of Australia and also Canada would be the U.S.,” Abbassian said in an interview. “The problem is that the capacity in the U.S. for terminals to absorb enough milling wheat for shipment, it’s just not there.”
Increased demand from the U.S. may lead to supply bottlenecks, delaying deliveries and intensifying competition among importers, said Park Yang Jin, business manager at Seoul- based Daehan Flour Mills Co., South Korea’s largest milling wheat importer. This would help sustain a rally in Chicago futures, he said. The U.S. accounts for 27 percent of global wheat trade.
Read Full Article
RELATED ARTICLE:
Monsanto Says it's the 'Right Time" for GMO Wheat
Buy 1 Get 2 Free at Botanic Choice Buy 1 Bottle and Get 2 FREE (select items), plus Free Shipping on $25+ Expires 12/31/2010
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Bloomberg
The U.S., the world’s largest wheat shipper, may not have the logistical capacity to meet rising global demand after rains cut the quality of the harvest in Canada and Australia, the United Nations said.
As much as 8 million metric tons of Australia’s wheat harvest may be downgraded because of excessive rains and Canada’s output suffered from wet weather, pushing importers to seek alternative suppliers, said Abdolreza Abbassian, an economist at the UN Food & Agriculture Organization, citing government estimates.
“Right now, the only country that would have such supply to compensate for the downgrade of Australia and also Canada would be the U.S.,” Abbassian said in an interview. “The problem is that the capacity in the U.S. for terminals to absorb enough milling wheat for shipment, it’s just not there.”
Increased demand from the U.S. may lead to supply bottlenecks, delaying deliveries and intensifying competition among importers, said Park Yang Jin, business manager at Seoul- based Daehan Flour Mills Co., South Korea’s largest milling wheat importer. This would help sustain a rally in Chicago futures, he said. The U.S. accounts for 27 percent of global wheat trade.
Read Full Article
RELATED ARTICLE:
Monsanto Says it's the 'Right Time" for GMO Wheat
Buy 1 Get 2 Free at Botanic Choice Buy 1 Bottle and Get 2 FREE (select items), plus Free Shipping on $25+ Expires 12/31/2010
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
Print this page
Thursday, December 2, 2010
Tighter food supplies, high prices to persist
Svetlana Kovalyova
Reuters
World food prices are set to remain high in 2011/12 with supplies tightening and demand running strong, the United Nations' food agency economist told Reuters on Wednesday after a new jump in prices.
"The chances of prices to remain high and extremely volatile well into 2011/12 are stronger than ever," FAO's economist Abdolreza Abbassian told Reuters in a telephone interview.
Food prices rose in November on the back of surging sugar and strong gains in cereals and oils.
That was despite the lack of fundamentals which could have justified the rises and also a stronger dollar, which usually sends agricultural commodities prices lower, Abbassian said.
"That shows that there is tremendous market sentiment in favor of high and perhaps still rising prices," he said.
Agricultural commodities demand remained strong, triggering an increased use of reserves and fuelling concerns about tighter supplies next season, especially because the level of new plantings situation in producing countries remained unclear, he said.
Read Full Article
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It is time to Wake Up! You too, can join the "Global Political Awakening"!
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Reuters
World food prices are set to remain high in 2011/12 with supplies tightening and demand running strong, the United Nations' food agency economist told Reuters on Wednesday after a new jump in prices.
"The chances of prices to remain high and extremely volatile well into 2011/12 are stronger than ever," FAO's economist Abdolreza Abbassian told Reuters in a telephone interview.
Food prices rose in November on the back of surging sugar and strong gains in cereals and oils.
That was despite the lack of fundamentals which could have justified the rises and also a stronger dollar, which usually sends agricultural commodities prices lower, Abbassian said.
"That shows that there is tremendous market sentiment in favor of high and perhaps still rising prices," he said.
Agricultural commodities demand remained strong, triggering an increased use of reserves and fuelling concerns about tighter supplies next season, especially because the level of new plantings situation in producing countries remained unclear, he said.
Read Full Article
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Rice May Triple in 18 Months as Supplies Tighten, Duxton's Peter Forecasts
Chanyaporn Chanjaroen
Bloomberg
Rice, the staple food of more than three billion people, may as much as triple in 18 months as flooding in exporters including Thailand tightens supplies and demand climbs, according to Duxton Asset Management Pte.
“Rice will blow out the stocks,” said Ed Peter, chief executive officer, who co-founded the company last year with Managing Director Desmond Sheehy. Both worked at Deutsche Asset Management and the Deutsche Bank AG unit owns 19.9 percent of Duxton, while Peter, Sheehy and staff own the rest. Duxton, based in Singapore, invests in farmland, Asian stocks and wine.
Peter’s forecast, in an interview on Nov. 29, would put rice at more than the peak during the 2008 food crisis, which triggered social unrest in poorer states. Wheat and corn also surged that year, while record oil prices boosted fertilizer costs. Kiattisak Kanlayasirivat at Novel Commodities SA, which trades rice, said farmers can replant quickly as floods recede.
Read Full Article
RELATED ARTICLE:
Banksters Inflate Speculative Food Bubble
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
It is time to Wake Up! You too, can join the "Global Political Awakening"!
Print this page
Bloomberg
Rice, the staple food of more than three billion people, may as much as triple in 18 months as flooding in exporters including Thailand tightens supplies and demand climbs, according to Duxton Asset Management Pte.
“Rice will blow out the stocks,” said Ed Peter, chief executive officer, who co-founded the company last year with Managing Director Desmond Sheehy. Both worked at Deutsche Asset Management and the Deutsche Bank AG unit owns 19.9 percent of Duxton, while Peter, Sheehy and staff own the rest. Duxton, based in Singapore, invests in farmland, Asian stocks and wine.
Peter’s forecast, in an interview on Nov. 29, would put rice at more than the peak during the 2008 food crisis, which triggered social unrest in poorer states. Wheat and corn also surged that year, while record oil prices boosted fertilizer costs. Kiattisak Kanlayasirivat at Novel Commodities SA, which trades rice, said farmers can replant quickly as floods recede.
Read Full Article
RELATED ARTICLE:
Banksters Inflate Speculative Food Bubble
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
Print this page
Tuesday, November 30, 2010
Surviving the Food Crisis
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Empty Shelves in Mexico During Swine Flu Scare |
Neithercorp Press
Food production is one of the most essential concerns of any society. Without direct availability and ease of consumption, without the consistent flow of agricultural goods, every nation existing today (except the most primitive) would immediately find its infrastructure crumbling and its people in a furious panic. It’s strange to me, then, that long term independent food planning is the one concern that many Americans seem to take most for granted. Firearms and ammo, camping gear and bug-out-bags, MRE’s, beans, and rice; these are the easiest part of your survival foundation. The hard part is not storage of goods, but devising a solid and practical plan for sustainability in the long term. This starts with the capacity to support your own agriculture regardless of how long the grid is down, even if it is down indefinitely.
Understandably, there will be some people who do not have enough land to implement many of these strategies. They should still know the fundamentals and be ready to apply them at a retreat location or within a community should the opportunity arise.
In the first chapter of our ‘Survive Anything’ series, we covered all the consequences of a nuclear attack on American soil, and how to not only make it out alive, but even thrive after such an event.
The reason Neithercorp covered survival tactics for a nuclear strike first was simple; we wanted to make it clear that the title of this series is not an exaggeration. Truly, ANYTHING is survivable with the right knowledge and preparation. Those who promote a ‘doomer’ view of economic collapse or global war are on average people who have simply given up before the struggle has even started. Therefore, their opinions on survival are empty, and barely worth the effort to ignore. Life goes on after collapse, as it always has since the beginning of organized civilization. It is YOU who decides whether or not you will be a part of that life. It is you who decides your chances of success.
With that success in mind, let’s dive into the most important aspects of food survival in a country where infrastructure has ceased to function…
Emaciated Grocery Chains
Last winter, I witnessed perhaps the most incredible snow storm I have ever seen in my life. A low pressure system punished the Northeast with downpour after downpour, stopping most road travel and cutting power to millions for at least a week. Being that the average family has only a week’s worth of food or less in their pantry, you can imagine the chaos that unfolded. Those grocery stores with backup power were flooded with customers buying armloads of batteries, water, ice chests, and, of course, foods that don’t require refrigeration. Now, what I want you to imagine, is what would have happened if no grocery stores had been open that week. What would have happened if they had never reopened? How many people would have been in the very real position of starving to death? From what I observed that winter…far too many…
The problem of storage and backstock is widespread in the U.S. and the culprit is actually one which we have been trained to admire; efficiency. It is because of the over-application of efficiency in grocery models and in the freight sector that most outlets carry little to no backstock in goods. Instead, they order goods as quickly as they sell out, refilling shelves on a product by product basis. This means that in most grocers, what you see on the shelf, is all that they have. The speed of trucking deliveries makes this business model possible, but its operation suffers from a seriously fatal flaw…
Grocery stores may seem like a bounty of goods at first glance, but if freight shipments shut down, or even slowed, those aisles would empty within the span of a few days. Many households in America operate on the same faulty “efficiency”. They rely on the weekly trip to the grocer to maintain the pantry while also attempting to save money by reducing backstock. It’s a frayed rope holding up too much weight, a completely inflexible system that cannot withstand any deviation from the set routine. One unexpected disaster could render the entire food and agriculture distribution network immobile.
Many grocery chains also function on a line of credit from banks while operating at a loss. Profits are poured directly into the liabilities the companies incur from loans and then more money is borrowed to continue ordering goods. Some stores in the chain (flagship stores) usually bring in enough money to cover the red ink of the other branches, however, what if banks were to cut off credit completely to a grocery chain? Or maybe ALL grocery chains? The cycle of debt, to sales, to profit, to debt, becomes disrupted. Any stores that rely solely on credit to stay open for business would immediately lose the ability to bring in new stock. Again, we are faced with empty shelves in less than a week.
This scenario is entirely possible in the U.S. today, especially in the event that big banks institute capital retention in order to protect themselves from a further collapse of investment markets. Banks have already restricted loans to consumers down to the bare minimum. A restriction of loans to the business sector in the near future is not that far fetched.
Must Read - Full Article HERE
RELATED ARTICLE:
10 Skills to Thrive in a Post-Collapse World
10 Ways to Become Self-Sufficient
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Sunday, November 28, 2010
How the U.S. Government Guaranteed the Coming Global Food Crisis
Steve Sjuggerud
Market Oracle
Porter Stansberry with Braden Copeland write: Over the last several years, I've written constantly on the growing likelihood of a global currency collapse.
The governments of Europe and the United States have accumulated debts so large they can't ever hope to repay them, except with currencies whose value will be inflated away by money-printing.
That's led me to recommend inflation hedges like railroads, gold, silver, and various forms of energy. Owning these "real assets" is the single best way to protect yourself from the inflationary crisis. But make sure you don't forget the most important inflation hedge of all: food.
If you've been reading the financial press for the past few months, you know the prices of vital food commodities are soaring. The price of corn is up 47% since this summer. Soybeans are up 30%. Wheat is up 43%.
I expect this trend of higher food prices to continue for years as the U.S government intentionally debases the dollar while lying to you the whole time about wanting a "strong currency." (Make sure to read our essay hereabout this great lie.) There's also a good supply/demand case to be made for owning agricultural assets. Let's start with the largest crop in the United States, corn...
In 2009, U.S. farmers grew 39% of the world's corn – 307.4 million metric tons. The crop was worth $48 billion. Our corn exports totaled $8.7 billion.
Most harvested corn in the U.S. is used to feed livestock – 43% of 2009 production. Almost as much (41%) was used for food, consumer, and industrial products (toothpaste, adhesives, cosmetics, starches, sweeteners, oils, beverages, industrial alcohol, fuel ethanol, etc.). The remainder was exported. The U.S. sent most of its corn to Japan, Mexico, and South Korea.
The second-largest corn grower, China, produced 165.9 million metric tons, or half the U.S. production. The European Union was a distant third, harvesting 62.7 million metric tons. Brazil checked in fourth, at 51 million metric tons.
In 2009, a severe drought in China killed millions of bushels of corn. Stockpiles dwindled to alarming levels as the government sold corn to keep the price from rocketing higher. Into 2010, the situation hasn't improved. The Chinese have become net importers of corn for the first time in 16 years. Experts predict China will require 6 million to 8 million metric tons of corn this year.
Read Full Article
RELATED ARTICLE:
Banksters Inflate Speculative Food Bubble
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
It is time to Wake Up! You too, can join the "Global Political Awakening"!
Print this page
Market Oracle
Porter Stansberry with Braden Copeland write: Over the last several years, I've written constantly on the growing likelihood of a global currency collapse.
The governments of Europe and the United States have accumulated debts so large they can't ever hope to repay them, except with currencies whose value will be inflated away by money-printing.
That's led me to recommend inflation hedges like railroads, gold, silver, and various forms of energy. Owning these "real assets" is the single best way to protect yourself from the inflationary crisis. But make sure you don't forget the most important inflation hedge of all: food.
If you've been reading the financial press for the past few months, you know the prices of vital food commodities are soaring. The price of corn is up 47% since this summer. Soybeans are up 30%. Wheat is up 43%.
I expect this trend of higher food prices to continue for years as the U.S government intentionally debases the dollar while lying to you the whole time about wanting a "strong currency." (Make sure to read our essay hereabout this great lie.) There's also a good supply/demand case to be made for owning agricultural assets. Let's start with the largest crop in the United States, corn...
In 2009, U.S. farmers grew 39% of the world's corn – 307.4 million metric tons. The crop was worth $48 billion. Our corn exports totaled $8.7 billion.
Most harvested corn in the U.S. is used to feed livestock – 43% of 2009 production. Almost as much (41%) was used for food, consumer, and industrial products (toothpaste, adhesives, cosmetics, starches, sweeteners, oils, beverages, industrial alcohol, fuel ethanol, etc.). The remainder was exported. The U.S. sent most of its corn to Japan, Mexico, and South Korea.
The second-largest corn grower, China, produced 165.9 million metric tons, or half the U.S. production. The European Union was a distant third, harvesting 62.7 million metric tons. Brazil checked in fourth, at 51 million metric tons.
In 2009, a severe drought in China killed millions of bushels of corn. Stockpiles dwindled to alarming levels as the government sold corn to keep the price from rocketing higher. Into 2010, the situation hasn't improved. The Chinese have become net importers of corn for the first time in 16 years. Experts predict China will require 6 million to 8 million metric tons of corn this year.
Read Full Article
RELATED ARTICLE:
Banksters Inflate Speculative Food Bubble
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
Print this page
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