« | 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

    • streetsj on Burning Injustices: The Tories seem to be behaving like football teams of old putting everyone behind the ball just to defend their lead. In this case obviously the lead ...
    • IPFreely on Burning Injustices: But it works, it works - in the sense that the voters (the tory ones ) will cheer and down another stiff one. She might not be Maggie but she's a dam'...
    • Ouessante on Post-Democratic Broadcasting: Nick Robinson was President of the Oxford University Conservative Association. Charitably, it shouldn't matter...but it does.
    • Peterson_the man with no name on Post-Democratic Broadcasting: The standard glib response to accusations of BBC bias is to point out that "left-wingers and right-wingers both think the BBC is biased against them, ...
    • Scaramouche on With Senegal’s Fishermen: In 2006, when the dangerous journeys by open pirogues to the Canaries were at their height, West Africa's traditional coastal fishing had been badly d...

    RSS – comments

  • Contact

  • Blog Archive

Advertisement Advertisement