I caught the thread on the BBC's Today program this morning. You can find a the article on the BC website here. Basically food prices will double in the next 20 years. I think that this is the basic medium term story for commodities. Things are exacerbated by a growing middle class who want to eat "Quality Food". Quality food is a euphemism for meat and a brief conversation with almost any vegetarian (many of my friends and family are vegetarians) will tell you that meat is a far less efficient way of producing food. It takes, from my ropy memory, 10 times as much land to feed a non-vegetarian.
No comments:
Post a Comment