« | 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

    • DJL on What will happen now?: The defence of Jeremy Corbyn in the third paragraph is really astonishing. No-one denies that the EU is a capitalist club, but so is the UK, and a wor...
    • Graucho on What will happen now?: The first order of the day for the labour party is to replace Jeremy Corbyn with Gisela Stuart as leader. Winning national campaigns is item number on...
    • Allan House on The Politics of Hate: Philip, much as I enjoy the opportunity to knock Thatcher and to promote better mental health services, I can't see how you can possibly know what sor...
    • Phil Edwards on Labour’s Divisions: The first question to ask isn't what Labour needs to do to win back the Leavers - it's whether Labour's lost them in the first place. (I don't know wh...
    • guanchonazo on White on White: I can understand that if you don't see any "black" player in a team, you can infer that the team is not diverse. But if one of the first team player's...

    RSS – comments

  • Contact

  • Blog Archive

Advertisement Advertisement