Earlier this year, I did a blog entry on the looming food shortage, a crisis created by a perfect storm of forces like climate change, the loss of arable land, diminishing freshwater reserves, the soaring price of nutrients, urbanisation and a soaring global population.
Now we are seeing more evidence with the price of sugar. As reported here, sugar prices have now hit a 30 year high with the Brazilian harvest tapering off. Sugar stocks around the world are now falling perilously low.
Bloomberg reports that the sugar shortfall is being caused by bad weather in Brazil, Russia, China and Pakistan. The world is waiting to see how much sugar India is prepared to export.
The worrying part is how much this will drive up global food inflation. Further evidence of the impact of climate change.
Food Crisis is very big problem. The cost of every food is increasing day by day.
htt://www.foodshortagesolutions.com