Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

5/30/2014 (2 years ago)

Catholic Online (www.catholic.org)

Rising demand in China and drought in United States as chief causes for price rise

Rising food demand in China, drought in the United States and unrest in Ukraine are fueling increases in world food prices. It's the first such rate increase since the all-time high of August 2012, according to officials with the World Food Bank.

The troubled nation of Ukraine, the breadbasket of Eastern Europe, posted the largest domestic price increases for wheat and maize.

The troubled nation of Ukraine, the breadbasket of Eastern Europe, posted the largest domestic price increases for wheat and maize.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

5/30/2014 (2 years ago)

Published in Green

Keywords: World food prices, drought, economic instability, political turmoil


LOS ANGELES, CA (Catholic Online) - According to the World Bank, internationally traded food prices increased by a sharp 4.0 percent, led by wheat and maize, up 18 percent and 12 percent, respectively.

International food prices in April as a result were only 2.0 percent lower than a year ago and 16 percent below their record level in August 2012.

Starvation never takes a vacation --


"Increasing weather concerns and import demand -- and, arguably, to a lesser extent, uncertainty associated with the Ukraine situation -- explain most of the price increases," the report said.

Prices increased in spite of bumper crops in 2013 and continued projections of record grain harvests and stronger stocks expected for 2014.

Dry conditions in the United States, particular in the Golden State of California coupled with strong global demand, particularly from China, partly explained the price rises.

The troubled nation of Ukraine, the breadbasket of Eastern Europe, played a part, posting the largest domestic price increases for wheat and maize. The world's sixth-largest wheat exporter saw domestic wheat prices jump by 37 percent, driven in part by currency depreciation.

Overall, international wheat prices soared by 18 percent quarter-over-quarter.

"Such a steep price increase had not occurred since the months leading to the historical peak in the summer of 2012," the report said.

Maize prices rose by 12 percent, with Ukraine, the third-largest exporter of maize, experienced a 73 percent rise in domestic prices because of delayed plantings and increasing costs.

"Geopolitical tensions in Ukraine have not disrupted exports so far, but might have effects on future production and trade if uncertainty increases," the report said.

Other countries in the grip of political and economic stresses also saw prices shoot higher. In Argentina, for example, wheat prices were up 70 percent from a year ago.

---


'Help give every student and teacher Free resources for a world-class moral Catholic education'


Copyright 2017 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for DECEMBER 2016
Universal:
End to Child-Soldiers: That the scandal of child-soldiers may be eliminated the world over.
Evangelization: Europe: That the peoples of Europe may rediscover the beauty, goodness, and truth of the Gospel which gives joy and hope to life.



Comments


More Green

What frightened these scientists off? The alarming reason why scientists abandoned one of the world's most famous Antarctic bases -- and why you could be in danger too Watch

Image of The Halley VI team. The team rotates each year and new members take the place of the old.

By Marshall Connolly (CALIFORNIA NETWORK)

Scientists are abandoning a base in Antarctica for fear that a massive crack in the ice sheet could destabilize their area. The Halley VI ice base on the Brunt Ice Shelf has been closed amid fears the shelf is nearing collapse. LOS ANGELES, CA (California Network) -- ... continue reading


Photos show dramatic transformation as California's drought is BUSTED by rains of Biblical proportions Watch

Image of Northern California has been inundated with rain and snow, which is flooding rivers and filling basins that have been dry for years.

By Marshall Connolly (CALIFORNIA NETWORK)

For five years, California has suffered through record-busting drought that has alarmed planners. Now, the state may be emerging from the drought as epic rains follow epic heat. LOS ANGELES, CA (California Network) -- A few years ago, it was difficult to ascertain if ... continue reading


Scientists stunned to discover that one mythological animal is perfectly real, and has now been captured on film Watch

Image of The mythical horse deer does in fact exist after all.

By Marshall Connolly (CALIFORNIA NETWORK)

A mysterious animal has been captured on film in China reigniting a discussion about cryptids. Cryptids are mysterious animals often associated with folklore and myth. But in this case, one animal appears to be real. LOS ANGELES, CA (California Network) -- ... continue reading


Was 2016 really the hottest year yet? Watch

Image of Was 2016 the hottest year yet?

By Marshall Connolly (CALIFORNIA NETWORK)

If you thought 2016 was hot, that's because it was. In fact, 2016 was the second hottest year on record for the USA. LOS ANGELES, CA (California Network) -- As most of the nation freezes under a blanket of January snow, it's difficult to remember the warm months of ... continue reading


California watches with disbelief as massive 'atmospheric river' phenomenon with FIFTEEN TIMES the water of the Mississippi, develops offshore Watch

Image of A portion of the I-5 is closed as crews struggle with clearing snow from a mountain pass.

By Marshall Connolly (CALIFORNIA NETWORK)

Northern California is about to be hit with a massive storm that contains so much rain, it is known as an "atmospheric river." Meteorologists say the event happens about only once in a decade. LOS ANGELES, CA (California Network) - An epic storm is poised to hit ... continue reading


AGRICULTURAL REVOLUTION 2.0 - How everything you eat is about to change forever. Say goodbye to farmers and ranchers! Watch

Image of Vertical farms already exist on small scale, but their popularity is catching on and rapid expansion and development is expected within the next decade.

By Marshall Connolly (CALIFORNIA NETWORK)

In about a decade or so, your food is going to be a lot different. For the first time since humans began farming and ranching, the way we grow and produce food is about the change --dramatically. Farmers and ranchers, your days are numbered. LOS ANGELES, CA (California ... continue reading


Not by fire but by ice? The frigid scenario where global warming triggers an ice age gets a second look Watch

Image of An unlikely scenario is getting a second look from climate scientists.

By Marshall Connolly (CALIFORNIA NETWORK)

The climate change skeptics are going to love this one. Under one scenario global warming could trigger a new ice age that will devastate Europe. The good news is, if it happens, it will take some time. The scenario shows just how difficult the impact of global climate ... continue reading


Is Earth in danger of being hit? YES, this is a cosmic shooting gallery and Earth is a target Watch

Image of Plans to deflect an asteroid include using lasers, mirrors, and solar sails to change its orbit.

By Marshall Connolly (CALIFORNIA NETWORK)

The inner Solar System is a cosmic shooting gallery, and Earth is a target. This is very apparent this year as NASA is tracking several objects headed our way. LOS ANGELES, CA (California Network) -- Anything headed towards Earth is of monumental importance. Earth has ... continue reading


What do the colors of the northern lights mean? NASA shares stunning photos of aurora from space Watch

Image of The beautiful colors have inspired many legends and theories about their meaning. However, scientists say it's just the different gasses and altitude that determines the colors.

By Marshall Connolly (CALIFORNIA NETWORK)

NASA has released some beautiful images of the aurora borealis, also known as the northern lights, captured from space. The pictures show the glowing, colorful lights against the curvature of the Earth, from about 250 miles up. LOS ANGELES, CA (California Network) -- ... continue reading


Bad Omen? Green comet appears in the sky on New Year's Eve, is it a sign of things to come? Watch

Image of Comet 45P/Honda-Mrkos-Pajdušáková will pass close to Earth in February, but will also fade and become difficult to see by then.

By Marshall Connolly (CALIFORNIA NETWORK)

A comet is becoming visible in the northern hemisphere and may reach naked-eye brightness in the days ahead. The comet, 45P/Honda-Mrkos-Pajdušáková is a green, periodic comet discovered in 1948 that routinely passes close to Earth. It will flirt with naked eye ... continue reading


All Green News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

Daily Readings

Reading 1, Hebrews 6:10-20
10 God would not be so unjust as to forget all you have done, the love ... Read More

Psalm, Psalms 111:1-2, 4-5, 9-10
1 Alleluia! I give thanks to Yahweh with all my heart, in the ... Read More

Gospel, Mark 2:23-28
23 It happened that one Sabbath day he was taking a walk through the ... Read More

Saint of the Day

Saint of the Day for January 17th, 2017 Image

St. Anthony the Abbot
January 17: Two Greek philosophers ventured out into the ... Read More