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.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copyright 2016 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for June 2016
Universal:
Human Solidarity: That the aged, marginalized, and those who have no one may find–even within the huge cities of the world–opportunities for encounter and solidarity.
Evangelization: Seminarians and Novices: That seminarians and men and women entering religious life may have mentors who live the joy of the Gospel and prepare them wisely for their mission.



Comments


More Green

Is The Big One going to strike California TOMORROW? Watch

Image of Is The Big One about to hit California?

By Marshall Connolly (CALIFORNIA NETWORK)

With the latest data on the San Andreas fault, it feels certain that California is about to experience The Big One. (Like tomorrow!) But is that what the data really shows? LOS ANGELES, CA (California Network) - The world's most famous fault is the San Andreas. The ... continue reading


Potentially lethal heatwave grips Southwest as temperatures sizzle 25 degrees above summer normal Watch

Image of The extended heatwave is expected to shatter records, and could claim lives as the region withers.

By Marshall Connolly (CALIFORNIA NETWORK)

A massive heat wave will envelop the American southwest this week, and into the foreseeable future, as California is warned to expect blackouts. The danger from this record breaking heatwave is extreme and people are urged to take precautions. LOS ANGELES, CA ... continue reading


Have hackers disrupted volcano data for Pacific Northwest? Watch

Image of Why did the public lose access to critical public safety data?

By Tony Johnson (California Network)

Unexpectedly, on June 17, 2016, hundreds of seismographs that cover the State of Oregon and Washington, including the PNW volcanoes, became inaccessible[2] with no explanation.  All of these seismograph stations are under the management of the Pacific Northwest ... continue reading


SORRY DUDE! Great white sharks appear in massive numbers off California coast, beaches closed Watch

Image of Look Ma! No cavities!

By Marshall Connolly (CALIFORNIA NETWORK)

Californians love their beaches, and few things can keep them out of the water, especially in the summer. Unfortunately, one of those things is appearing in greater numbers -sharks. And not just any sharks, but great whites. LOS ANGELES, CA (California Network) - The ... continue reading


Is the public being put in dark about Mt. St. Helens and other volcanoes as danger grows? Public now cut off from critical data Watch

Image of Why is information being kept from the public?

By Tony Johnson (California Network)

Just as spectrograph activity of volcanoes Rainier, Baker, Newberry, Three Sisters, and Crater Lake in the Pacific Northwest began to increase on June 13, 2016, the website HTML display code was changed to blank any public viewing of the data.  This raises a ... continue reading


Mystery of milky-white Kalama River may be solved Watch

Image of The Kalama River turned milky-white in 2015. The cause has remained a mystery until now.

By Catholic Online (NEWS CONSORTIUM)

Independent testing found a milky white substance colored the Kalama River just after a long lasting deluge engulfed Mt. St. Helens in October 2015. Unlike the milky coloring change of the Kalama River in 1980, and 2004, this time Mt. St. Helens remained quiet. What ... continue reading


Iceland discovers way to trap CO2, could save the world from global warming Watch

Image of Scientists in Iceland have found a way to turn CO2 into rock.

By Marshall Connolly (CALIFORNIA NETWORK)

Scientists in Iceland have found a way to save the world from carbon dioxide by converting the compound into rocks that can be buried deep underground. If the process can be made inexpensive, it could be a tool we use in the fight against global warming. LOS ANGELES, ... continue reading


Why does the Kalama River turn white? Scientists can't explain this one weird thing that happens before Mt. St. Helens erupts - but here's a possible answer (PHOTOS) Watch

Image of First the Kalama River runs white, then Mt. St. Helens erupts.

By Marshall Connolly (CALIFORNIA NETWORK)

Geologists are curious to see if a peculiar precursor to a Mt. St. Helens eruption occurs again. According to local observations, the Kalama River turns milky just before the volcano erupts. This phenomenon was observed in 1980, 2004, and in 2015 and has no confirmed ... continue reading


What the USGS isn't telling you about Mt. Hood - Mt Hood a time bomb? A 'Silent' intrusion of magma? Watch

Image of Something is happening beneath Mt. Hood. Should we be alarmed?

By Posted by Marshall Connolly (California Network)

Mount Hood possibly may be at risk for a Phreatic steam-explosion induced eruption that gives no-warning. Magma may have well intruded to shallow levels at Mount Hood. In this case, geologists may have "no warning" to an eruption from this 'silent' intrusion of ... continue reading


Goodbye El Nino! Hello La Nina! What does this mean for the Atlantic Hurricane season? Watch

Image of One impact La Nina has is a more active Atlantic hurricane season.

By Marshall Connolly (CALIFORNIA NETWORK)

Goodbye El Nino! The monster heating anomaly in the tropical Pacific has abated and experts now believe a La Nina event, the cool sister of El Nino, will come to dominate the tropical Pacific for at least the next year to come. It has implications for the United ... 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

the FEED
by Catholic Online

Daily Readings

Reading 1, Isaiah 49:1-6
1 Coasts and islands, listen to me, pay attention, distant peoples. ... Read More

Psalm, Psalms 139:1-3, 13-14, 14-15
1 [For the choirmaster Of David Psalm] Yahweh, you examine me and know ... Read More

Gospel, Luke 1:57-66, 80
57 The time came for Elizabeth to have her child, and she gave birth to a ... Read More

Reading 2, Acts 13:22-26
22 he deposed him and raised up David to be king, whom he attested in ... Read More

Saint of the Day

Saint of the Day for June 24th, 2016 Image

St. John the Baptist
June 24: John the Baptist was a contemporary of Christ who ... Read More