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Posted Wed Jan 23 2008: from Guardian (UK):
Is this the end of cheap food?
"Walton ... forecasts two further years of similar increases, at least. All the indicators, the prices of every food staple, are on the up - wheat doubled in price at one point last year. 'It's something the industry has expected and is thus, hopefully, a manageable cycle,' he says. 'No hunger riots. But we have enjoyed food prosperity for a long time, and we're seeing the end of that.' Others offer an even more bleak assessment. Jacques Diouf, head of the UN's Food and Agriculture Organisation, spoke recently of a 'very serious crisis' brought about by the rise in food prices and the rise in the oil price. Various global economic bodies are forecasting rises of between 10 per cent and 50 per cent over the next decade."
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Those of us in the overdeveloped world might get a little less overly, um, "developed." Those in the underdeveloped world, well, they're just not smart shoppers!

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