Thursday, 18 August 2016

oftwominds-Charles Hugh Smith: The Odds of a Global Food Crisis Are Rising

The Odds of a Global Food Crisis Are Rising



The vulnerability of global food production to extremes of weather is a profound reality that few grasp.
Given the current abundance of food globally, confidence in permanent food surpluses and low grain prices is high. Few worry that the present abundance of food could be temporary. But the global food supply is more fragile than we might think, despite historically low grain/agricultural commodity prices.
Both corn and wheat have plummeted in price due to current demand/supply:

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