US drought could trigger repeat of global food crisis, experts warn. As the mid-west bakes and food prices soar, threats of a ripple effect in the Middle East could lead to more uprisings.
America’s drought threatens a recurrence of the 2008 global food crisis, when soaring prices set off riots and unrest to parts of Africa, the Middle East, and Latin America, food experts warn.
Corn prices reached an all-time high on Friday, as the drought expanded across America, trading at $8.24 a bushel on the Chicago exchange. Soybeans were also trading at record levels.
The US department of agriculture meanwhile predicted there would be less corn coming onto global markets over the next year, because of a sharp drop in US exports.
America is the world’s largest producer of corn, dominating the market. Corn is also connected to many food items – as feed for dairy cows or for hogs and beef cattle, as a component in processed food – expanding the impact of those price rises.
That means the effects of the drought will travel far beyond the mid-western states baking under triple-digit temperatures, said Robert Thompson, a food security expert at the Chicago Council of Global Affairs.
"What happens to the US supply has an immense impact around the world. If the price of corn rises high enough, it also pulls up the price of wheat," he said.
He went on: “I think we are in for a very serious situation worldwide.”
[Read more.]

[Photo credit: Jim Lo Scalzo / EPA]

US drought could trigger repeat of global food crisis, experts warn. As the mid-west bakes and food prices soar, threats of a ripple effect in the Middle East could lead to more uprisings.

America’s drought threatens a recurrence of the 2008 global food crisis, when soaring prices set off riots and unrest to parts of Africa, the Middle East, and Latin America, food experts warn.

Corn prices reached an all-time high on Friday, as the drought expanded across America, trading at $8.24 a bushel on the Chicago exchange. Soybeans were also trading at record levels.

The US department of agriculture meanwhile predicted there would be less corn coming onto global markets over the next year, because of a sharp drop in US exports.

America is the world’s largest producer of corn, dominating the market. Corn is also connected to many food items – as feed for dairy cows or for hogs and beef cattle, as a component in processed food – expanding the impact of those price rises.

That means the effects of the drought will travel far beyond the mid-western states baking under triple-digit temperatures, said Robert Thompson, a food security expert at the Chicago Council of Global Affairs.

"What happens to the US supply has an immense impact around the world. If the price of corn rises high enough, it also pulls up the price of wheat," he said.

He went on: “I think we are in for a very serious situation worldwide.”

[Read more.]

[Photo credit: Jim Lo Scalzo / EPA]

  1. freedomeisntfree reblogged this from commiekinkshamer
  2. alexbrightwrites reblogged this from sinidentidades
  3. butnotinlove reblogged this from sinidentidades
  4. commiekinkshamer reblogged this from sinidentidades
  5. bostonreview reblogged this from sinidentidades
  6. sinidentidades reblogged this from versosdeliberacion
  7. laphoenixx reblogged this from mamitah
  8. mamitah reblogged this from i---ickk
  9. nekomanko reblogged this from i---ickk
  10. itsbeartime reblogged this from versosdeliberacion and added:
    Happy Tuesday everyone!!
  11. versosdeliberacion reblogged this from tofuboots
  12. happyxvx reblogged this from kilgore-trout9
  13. kilgore-trout9 reblogged this from i---ickk
  14. padfoot-prongs reblogged this from tofuboots
  15. tofuboots reblogged this from i---ickk
  16. notalyssariley reblogged this from pockettknife
  17. impulsivefarmer reblogged this from friendsoftheearth
  18. friendsoftheearth posted this
Friends of the Earth is a bold and fearless voice for justice and the planet. We believe all people deserve the right to live in a healthy environment.


Visit foe.org

Facebook

Twitter

Flickr

Pinterest

Ask us a question

Submit a story