Apr
14
Food prices continue to increase
Filed Under Uncategorized |
According to Alliance Trust Research Centre a UK based market research firm commodity food price are at the highest point in 10 years. The price of fish has increased 12.6%, the price of vegtables 10.2% While these increasing prices cause a crunch in the pocketbooks of most people living in developed countries this price increase is causing more dramatic results in less developed nations. For example the tortilla price increased 60% this year in Mexico causing riots and government intervention. With the worlds population increasing at alarming rates, countries with unchecked population demand such as India could be the first to see serious consequences of these price increases after all this issue caused the downfall of India’s ruling party in both 1980 and 1998.
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