Global Food Riots

Food prices have been declining since 2011; when these guys wrote the article it made sense based on the trend at the time, but prices have backed off a bit since then.

If you look at the nations where food riots took place, they are almost without exception places where the people spend more than 35% of their income on food, with many of them spending 40-45%.  So when their food prices double, its really life and death for them.

The other side of that coin is, I don’t see food riots erupting in nations where the food budget is less than 20%.  That comprises the industrialized western world.

What makes food prices jump?  My guess is crude oil:

More statistics on the various nations involved here: http://mdbriefing.com/food.shtml

 

dave

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