Global Food Prices Are Entering Very Dangerous Territory
https://theeconomiccollapseblog.com/global-food-prices-are-entering-very-dangerous-territory/What in the world is going to happen if global food supplies continue to get even tighter? During the second half of this year global food prices have been surging. A “perfect storm” of factors is suppressing production all over the planet, and meanwhile worldwide demand for food just keeps rising. Needless to say, higher prices hurt those at the bottom of the economic food chain the worst. Food prices have become a major issue in country after country, and if current trends continue it won’t be too long before widespread unrest breaks out. Here in the United States, the cost of living is absolutely eviscerating the middle class. If a way cannot be found to stabilize food prices, we will be seeing a tremendous amount of anger and frustration in 2025 and beyond.
Last week, it was being reported that global food prices had risen to “the highest level in 19 months”…
The world food price index, compiled by the U.N. Food and Agriculture Organization (FAO) to track the most globally traded food commodities, increased to 127.5 points last month from a revised 126.9 points in October, the highest level in 19 months and up 5.7% from a year ago.
The vegetable oil index jumped 7.5% above levels seen a month ago and 32% above those seen a year earlier, driven by concerns over lower-than-expected palm oil output due to excessive rainfall in Southeast Asia.
Clearly, things are not heading in the right direction.
Global food prices are rising. Many food product prices have gone up. People are more financially strapped and cannot afford to buy food.
