Trade barriers fuel world food shortage: NFF
IN THE midst of an escalating global food crisis – precipitating riots in several countries – Australian farmers are increasingly uneasy about the knee-jerk leap to trade distorting policies by foreign Governments in a misguided bid to lower their domestic food prices. The May Westpac-NFF Commodity Index recorded a global shift – dropping 5% – […]
World food shortages impact Australian farmers
THE May Westpac-NFF Commodity Index continues to record agricultural commodity prices at 22% higher than this time last year, despite a slight softening of prices as international buyers delayed purchasing additional stock on world markets. “Scarcity and record high prices for basic food items, such as wheat, precipitated violent riots in Egypt, Morocco, Senegal and […]