From February, 2011

Food economics: How and why food prices rise and fall

Patrick Westhoff’s book “The Economics of Food: How Feeding and Fueling the Planet Affects Food Prices” is a fascinating read because it is targeted to non-specialists who desire to understand the recent trend of high food prices in the world. Westhoff uses the food crisis in 2008 as a focal point to explain what factors…

Production and consumption of grains (cereals) by the world and Malaysia

The recent spike in food prices made me curious to know the past and current rate of grain (cereal) production and consumption by the world. I downloaded the USDA (U.S. Dept. of Agriculture) data set from their website. Below shows the world production and consumption of grains (barley, maize, millet, oats, rice, rye, sorghum, wheat,…

What are the reasons (causes) for high world food prices?

Recent newspaper articles from New Straits Times (4 Feb. 2011) and The Star (Feb. 7, 2011) highlighted that world food prices in January this year have risen to levels even higher than that in mid 2008. Recent food riots on the streets of Tunisia have recently brought down the Tunisian government. And similar food protests…

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