Food Prices Crisis

 

Food prices around the world reached a record high in January, making food the most expensive it has ever been. The costs of staple foods, like corn and wheat, rose by approximately 50% in 2010. The repercussions on people throughout the world include poverty and hunger in millions. The rise in costs is attributed to issues around the world: the heat wave in Russia and the Midwest, the use of ethanol as fuel, and the demand for meat which requires grain and water for production. The use of biofuels is credited to the crisis and it is argued whether or not they are really helpful to the environment.

Food Prices: Crisis Deepens as Biofuels Consume More Crops by Bryan Walsh Time Magazine

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