Global Food Reserves Have Reached Their Lowest Level In Almost 40 YearsSubmitted by emalvini on Wed, 10/17/2012 - 09:03
By Michael, on October 16th, 2012
For six of the last eleven years the world has consumed more food than it has produced. This year, drought in the United States and elsewhere has put even more pressure on global food supplies than usual. As a result, global food reserves have reached their lowest level in almost 40 years. Experts are warning that if next summer is similar to this summer that it could be enough to trigger a major global food crisis. At this point, the world is literally living from one year to the next. There is simply not much of a buffer left.
In the western world, the first place where we are going to notice the impact of this crisis is in the price of food. It is being projected that overall food prices will rise between 5 and 20 percent by the end of this year. It is becoming increasingly clear that the world has reached a tipping point. We aren't producing enough food for everyone anymore, and food reserves will continue to get lower and lower. Eventually they may be totally gone.
The United Nations has issued an unprecedented warning about the state of global food supplies. According to the UN, global food reserves have not been this low since 1974...