Skip to content

World's grocery bill is going to go up, up, up

By Catholic Online (NEWS CONSORTIUM)
5/30/2014 (3 years ago)
Catholic Online (

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.


By Catholic Online (NEWS CONSORTIUM)
Catholic Online (
5/30/2014 (3 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 2018 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for FEBRUARY 2018
Say 'No' to Corruption.
That those who have material, political or spiritual power may resist any lure of corruption.


More Green

Are we failing as stewards of creation? Scientists warn Earth is dying Watch

Image of We are filling up our oceans with plastic trash, choking and killing our sea creatures.

On the sixth day, God gave man stewardship over the creatures of the Earth. With stewardship comes responsibility. According to scientists, ... continue reading

News signs of activity at Yellowstone prompt concerns that supervolcano is about to kill millions of people Watch

Image of The next Yellowstone supervolcano eruption will change the world. But how much time do we have?

Two small earthquakes on March 11, measuring 1.5 and 1.8 have provoked fears that the Yellowstone supervolcano is recharging for another ... continue reading

Cape Town: city of 4 million souls is about to run out of water. Here's why Watch

Image of Cape Town is a city of 4 million people, and it is about to run out of water.

What happens when a city of four million people runs out of water? We are about to find out the hard way, thanks to an epic drought and ... continue reading

What is a super blue blood moon and why is it so rare? Watch

Image of A super blue blood moon will be visible for most of North America very early on January 31.

What is a super blue blood moon?  LOS ANGELES, CA (California Network) - A blood moon is a lunar eclipse. A supermoon is when the moon ... continue reading

Is God sending a warning? Third megaquake in the year suggests 2018 could be very bad for earthquakes Watch

Image of A 7.9 quake struck in the Gulf of Alaska this morning, making it the third 7.0 or larger quake of the year.

Residents of Kodiak, Alaska were awakened early Tuesday morning by a 7.9 magnitude quake in the Gulf of Alaska. The quake was powerful ... continue reading

Never Miss any Updates!

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

Learn about Catholic world

Catholic Online
Inform - Inspire - Ignite

Catholic Online Saints
Your saints explained

Catholic Online Prayers
Prayers for every need

Catholic Online Bible
Complete bible online

Catholic Online News
Your news Catholic eye

Daily Reading
Today's bible reading

Lent / Easter
Death & resurrection of Jesus

Advent / Christmas
Birth of Jesus

Rest of Catholic Online
All Catholic world we offer

Products and services we offer

Catholic Online Shopping
Catholic medals, gifts & books

The California Network
Inspiring streaming service

Advertise on Catholic Online
Your ads on

Catholic Online Email
Email with Catholic feel

Catholic Online Singles
Safe, secure Catholic dating

The California Studios
World-class post production service

Learn the Catholic way

Catholic Online School
Free Catholic education for all

Student Classes
K-12 & Adult Education Classes

School Teachers
Teacher lesson plans & resources

Support Free Education
Tax deductible support Free education

Connect with us online

Catholic Online on Facebook
Catholic social network

Catholic Online on Twitter
Catholic Tweets

Catholic Online on YouTube
Enjoy our videos

Catholic Online on Instagram
Shared Catholic moments

Catholic Online on Pinterest
Catholic ideas style inspiration

Catholic Online Logo

Copyright 2018 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2018 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.