Belfast Telegraph

Friday 31 July 2015

Rise in global prices give food for thought

By David Elliott

Published 08/06/2011 | 08:00

On the subject of food, there doesn't look to be much let up to your weekly shopping bill, no matter where you source it from.

The United Nations Food and Agriculture Organisation said yesterday that world food prices will remain high and volatile for the rest of the year despite the fact that products have been ramped up.

That's bad enough news for consumers here but for poorer countries it's a different matter altogether.

They're expected to see food import costs rise 30% and will be spending 18% of their total import bills on food compared to the world average of 7%.

That certainly puts things into perspective. While we might moan about the price of a loaf of bread, at least it still represents only a fraction of our weekly wage.

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Read More

From Belfast Telegraph