The drought in China may also increase the prices of food world wide. Rises in food prices are a touchy subject in China, since they lead to popular unrest. Many countries around the world are hoarding and subsidizing food to prevent unrest. And 40% of corn in the US is used for Ethanol. All these are combining to raise the price of food even more.
U.N. Food Agency Issues Warning on China Drought - NY Times
No comments:
Post a Comment