A chicken could become as unreachable as caviar in many poor countries, warns a study of the OECD and the United Nations. Chicken is projected to rise in price by 30 percent in the next ten years – inflation adjusted. Other staple foods such as corn, sugar or cooking oil are seen rising in price by twenty percent. Why? On one side of the ledger is higher demand, mainly from China and India. On the other side: „Increasingly, the crop doesn’t end up in the pot, but as fuel in the tanks of cars,“ says the German magazine Der Spiegel. (Read More…)
Posted in E85, Emerging Markets, News Blog
Tagged as Bertel Schmitt, buyer strike, E10, ethanol, food prices, Germany, United Nations
Tagged as Bertel Schmitt, buyer strike, E10, ethanol, food prices, Germany, United Nations
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MrWhopee - Not sure how the Australian feel they have the right to be angry. Sure, it’s bad news to them, but bad things...
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