Priciest Food Since 1970s Is a Big Challenge for Governments
Comment of the Day

September 15 2021

Commentary by Eoin Treacy

Priciest Food Since 1970s Is a Big Challenge for Governments

This article from Bloomberg may be of interest to subscribers. Here is a section:

Adjusted for inflation and annualized, costs are already higher now than for almost anytime in the past six decades, according FAO data. Indeed, it’s now harder to afford food than it was during the 2011 protests in the Middle East that led to the overthrow of leaders in Tunisia, Libya and Egypt, said Alastair Smith, senior teaching fellow in global sustainable development at Warwick University in the U.K.

“Food is more expensive today than it has been for the vast majority of modern recorded history,” he said.

Eoin Treacy's view

It is interesting to contrast the charts of Food and Agriculture World Prices disseminated by the UN with how the commodity sector as a whole has performed.

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