Opinion: Food Fears, Again
11 January 2011 Food inflation is an international headline again. Despite a concerted effort to establish better global food security following riots in more than a dozen countries in 2008, and food supply is no more stable.
Following excellent global harvests in 2008, nations bolstered their food stocks and all but ignored the precarious nature of food production. This year’s weather events remind policymakers that economies are one drought or one flood away from an available food supply.
In 2008, crop protection sales hit unprecedented highs, and crop input makers are positioned to capitalize on the world’s food woes again in 2011 as countries again need to rebuild national reserves. Australia, Europe, North Africa, India and Southeast Asian countries have all reported drastic food inflation that illustrates how commodity prices and weather events affect food prices.
As strong commodity prices encourage growers to invest in more crop protection,send me an email to let me know how this affects your business. Are you ramping up capacity? Courting new business partners? What is the current state of food prices where you live?
Send me a note any time at [email protected].
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