Summary: The increase in demand and the more frequent bad weather is causing food supply to be stretched to its limit. Recently prices have had a drastic increase and caused multiple riots. The places that are most affected by the burden are Australia to Argentina and from Canada to Russia. Many world leaders and politicians are worried that the spiked prices will form cahos and massive riots that could damage society. Supply/demand situations and structures have changed. Prices of farm products began to rise last fall. Hot, dry weather in the warmer regions is making for less crop growth, as well as the flooding in other countries that are destroying crops and soil. The food price index has jumped 32 percent and it is expected that demand will fall even further later this year.
Opinion: The increase in oil prices, food prices, clothing, and other materialistic items that we as people depend on every single day, is causing great distress around the world. Things that are out of our control are now taking a toll on our economy. We can no longer solely blame the war for rising oil prices because things such as weather are having an impact as well. I think that this is just a phase though, it will come and make this a harder time, but things will look up. If we can get through it together now, then soon the economy will better itself. The weather is unpredictable and so is our economy. It may seem bad now, but I have faith that soon there will no longer be distress and worry.
http://www.msnbc.msn.com/id/41062817/ns/business-consumer_news/
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