China, which only really uses global markets for soybeans, is fretting over soaring shop prices for goods as diverse as pork and seaweed. In India, a fifth of the population is undernourished, according to the United Nations. Both countries have their own issues; for instance, in India, awful infrastructure means a third of produce spoils before it reaches the market. But something is clearly making the problem worse. [emphasis added]For those curious, the "something" referred to in the last sentence is claimed to be an abundance of money.
Wednesday, December 29, 2010
A while back I posted on the waste of food in the US, arguing that it was mostly due to our desire for choice. I noted a contrast today in a NYTimes piece on the likelihood of soaring food prices in 2011: