Food Inflation - Concerns and Opportunities
Rapidly expanding world population and climatic changes are clearly affecting the price of all foods. Wheat has more than doubled in price in the last 12 months. While much of the increase is attributed to record low yields in Australia over the last two years, we are also seeing a steep rise in demand. Pakistan has placed export restrictions on national wheat stocks due to dwindling supplies and high internal demand. Canada, once the largest exporter of wheat has reduced its crop in the last few years preferring to grow canola. Low wheat prices just two years ago motivated farmers to plant higher profit crops like canola. ...
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