Friday, October 9, 2020

With Famine Threats Now Emerging, Global Food Prices Continue To Rise

Zero Hedge: Global Food Prices Rise As Famine Threat Emerges 

Food prices continue rising during the coronavirus pandemic, jeopardizing food security for tens of millions worldwide. 

On Thursday, the Food and Agriculture Organization (FAO) of the United Nations said world food prices rose for the fourth consecutive month in September, led by surging prices for cereals and vegetable oils, reported Reuters. 

FAO's food price index, which tracks the international prices of the top traded food commodities (cereals, oilseeds, dairy products, meat, and sugar), averaged 97.9 in September versus a downwardly revised 95.9 in August. FAO's cereal price index jumped 5.1% in September and is 13.6% above its value one year earlier. 

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WNU Editor: In another sign that food insecurity is becoming a global issue, this year's Nobel Peace Prize was awarded to the World Food Program .... World Food Program wins Nobel Peace Prize as hunger surges (AP).

1 comment:

Anonymous said...

BFD

I see map, where the dark read dots are, where there are communist states, Islamic insurgencies, other insurgencies or flash points between states.

I have not calculated it but I bet R square is .6 or above.

- Darfur: Islamic insurgency against Muslims.

-Syria Islamic insurgency against Muslim

Afghanistan Islamic Insurgency against Muslims

Nigeria: Islamic Insurgency

Mozambique: Islamic Insurgency.

Pakistan/Iran Islamic insurgencies against everyone

Congo Insurgencies and now Islamic inssurgencies.

Venezuela: Communist

Columbia Communist insurgencies supported by Venezuela.

Cuba Communist

Ukraine: Communist insurgency.

The Ethnic Russian had legitimate complaints. It did not become a long lived insurgency until the Russians stepped in. Who are the Russians? Oligarchs made up of former commies.

Yemen: Islamic Insurgency: Courtesy of Shia Iran

I see a lot of fighting and scheming for power. I do not see a lot of investment, capitalism, or planning for agribusiness.