« | Home | »

The Barley Crisis

Tags:

The cost of eating and drinking is rising. Breweries and beeries won’t feel the recent increase in barley prices as fast as farmers will: those who use it for animal feed have already seen the price of a bushel of non-malted barley (about 22 kg) double since the end of June. Bad weather in Russia, Kazakhstan and Ukraine, which between them take half the world’s barley to market, is the cause. The rise pushes up the price of grains in general and hits us all eventually, but the hit is staggered. In rich countries we spend less than one fifth of our income on food; in developing countries the figure is more like a half or three-quarters. The gap is narrowing as the value of food appreciates all over the world. But the poor must still go first, as the FT’s commodities correspondent explains.

Comments on “The Barley Crisis”

  1. Joe Morison says:

    I wonder what proportion of our income we would spend on our food if we ate like those in developed countries? A hundredth, a thousandth?

Comment on this post

Log in or register to post a comment.


  • Recent Posts

    RSS – posts

  • Contributors

  • Recent Comments

    • frmurphy98 on Labour’s Identity Crisis: Tristram's anguished prescriptions for "what Labour must do" and "what Labour must be" are clearly a moveable feast. But no matter how many nor how ra...
    • Phil Edwards on Labour’s Identity Crisis: Hunt also criticised Corbyn for having "cosmopolitan views", which he counterposed to the good honest English patriotism of the native working class. ...
    • JonathanDawid on Labour’s Identity Crisis: I have no particularly high regard for Tristram Hunt, but it is unfair to say that he is the "son of a baron" as if he were some aristocratic scion. H...
    • Jonathan W on Labour’s Identity Crisis: I'm from a small town and now live in London. I believe the main reason Cameron has kept his election manifesto promise-the only one he's kept-to hold...
    • pgillott on Canada Burning: There are a range of environmental issues that cause problems, of which climate change has the highest profile, probably with some reason. Jared Diamo...

    RSS – comments

  • Contact

  • Blog Archive

Advertisement Advertisement