Rising Food Prices

Summary of rising grocery prices: Food prices are rising and become a worldwide problem. If problems do not solve quickly, prices have risen rapidly over the past year and a half and may rise further. The following is the price of last year. Figure FAO Food Price Index: February 2007 - January 2008 FAO, 2008 In this project, we tried to find out the reasons for the price rise, the upward trend, and the impact this rise would have on us. Reason: Demand for food in developing countries is high, the population of the world is increasing, more diverse kinds of food are needed.

The surge in food prices over the years has been linked to social unrest in the world such as Bangladesh, Mexico, the Arab Spring riot, etc. World food prices rose in 2008. One reason for the rise in food prices is that wealthy Asian consumers are westernizing their meals and that the third world farmers and countries are struggling to keep up with the rhythm without delay is. In the past five years, Asian countries accounted for more than 30% of global liquid and milk powder production in 2008, China alone accounts for more than 10% of production and consumption in the global vegetables processing and preservation industry.

The rise in food prices is an important condition for developing countries, particularly in urban areas where the poor are facing rising food prices. As a result, high crude oil prices affect agriculture and production costs. Demand for petroleum is increasing as agricultural production is starting to use more energy for more than 10 years. For example, between January 2007 and June 2008, the price of nitrogen fertilizer has increased from 277 dollars per ton to 450 dollars, the potash from 172 dollars to 500 dollars per tonne, and one ton of diammonium phosphate It dramatically increased from $ 250 per dollar. Up to 1,230 dollars per ton (Vidal, 2008)

Following the rapid rise in food prices, FAO (December 2007) aims to rapidly increase food production during the agricultural season of 2008 and 2009 by supporting direct access to food prices Started food price insulation program (ISFP). Small farmers FAO urged donors to immediately invest $ 1.7 billion to support this effort. The main objective of the ISFP is to promote food production as quickly as possible in the most affected countries in order to improve local supply. This initiative states that the government will develop national food security interventions and promote food production while securing access to the most vulnerable groups of foods that have more unstable and more unstable impact It is aimed at achieving a two-track approach. Food price