As there is threatening food shortage and famine in regions of Africa, South Asia, and Ibero-America, there is also a global food price inflation underway, which recalls the severe food price shocks of 2007-08 before the financial crash.<\/p>\n\n\n\n
The 15% inflation this year in the price of the average market basket of food in Africa, in a private institution\u2019s survey, was already reported a week ago. The UN Food and Agriculture Organization (FAO) on Oct. 8 reported cereals price inflation of 5.1% in September, worldwide, and 13.6% from September 2019. Vegetable oil prices averaged a 6% jump in September, and 14.1% from a year earlier; meat prices averaged a 9.4% increase from September 2019. Some prices had not risen: dairy, for example; and sugar prices were actually falling.<\/p>\n\n\n\n
What this means in the United States will be further indicated Oct. 13; prices for food at home (where most Americans are now eating the great majority of the time) had already risen by 4.5% through August. China has had particularly high food inflation: its average pork price is 53% higher than a year ago, and fresh vegetables 11.7% higher for the year, according to the China National Bureau of Statistics. Typically for China, the government is conducting a national \u201cdon\u2019t waste food, clean your plate!\u201d campaign involving President Xi Jinping personally, personalities like Jack Ma, and so forth; it denies that China faces a food shortage, having large grains reserves in particular.<\/p>\n","protected":false},"excerpt":{"rendered":"
As there is threatening food shortage and famine in regions of Africa, South Asia, and Ibero-America, there is also a global food price inflation underway, which recalls the severe food price shocks of 2007-08 before the financial crash. The 15% inflation this year in the price of the average market basket of food in Africa, […]<\/p>\n","protected":false},"author":25,"featured_media":63255,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[842],"class_list":["post-63347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-allgemein","tag-lang-en"],"_links":{"self":[{"href":"https:\/\/2.schillermeet.de\/de\/wp-json\/wp\/v2\/posts\/63347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/2.schillermeet.de\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/2.schillermeet.de\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/2.schillermeet.de\/de\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/2.schillermeet.de\/de\/wp-json\/wp\/v2\/comments?post=63347"}],"version-history":[{"count":1,"href":"https:\/\/2.schillermeet.de\/de\/wp-json\/wp\/v2\/posts\/63347\/revisions"}],"predecessor-version":[{"id":63377,"href":"https:\/\/2.schillermeet.de\/de\/wp-json\/wp\/v2\/posts\/63347\/revisions\/63377"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/2.schillermeet.de\/de\/wp-json\/wp\/v2\/media\/63255"}],"wp:attachment":[{"href":"https:\/\/2.schillermeet.de\/de\/wp-json\/wp\/v2\/media?parent=63347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/2.schillermeet.de\/de\/wp-json\/wp\/v2\/categories?post=63347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/2.schillermeet.de\/de\/wp-json\/wp\/v2\/tags?post=63347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}