Surging Food Prices Easily Translate Into Unrest in Vulnerable Regions
828 sats \ 15 comments \ @TomK 2 Aug charts_and_numbers
Global food prices serve as a critical barometer for crises in poorer regions. When food costs skyrocket, the likelihood of revolutionary movements, coups, and local conflicts rises significantly. Ensuring the global population's access to food by expanding supply, leveraging technological advancements, and minimizing the adverse effects of governmental regulations—like those currently seen with the WEF's policies—is imperative. Effective food distribution aligns with decentralized resource management principles rather than centralized control by officials pushing green ideologies that may cause more harm than good.
The FAO Food Price Index recorded a slight dip to 120.8 in July 2024, down from 121 in June. Lower cereal prices balanced out higher costs for vegetable oil, meat, and sugar, with dairy prices remaining steady.
https://m.stacker.news/42982
write
preview
related posts
131 sats \ 1 reply \ @BitcoinAbhi 2 Aug
Retail inflation trend in India
https://m.stacker.news/43004
reply
47 sats \ 0 replies \ @Undisciplined 2 Aug
I was hoping this news meant you guys were getting some relief, but it looks like not.
reply
89 sats \ 1 reply \ @Enemy_of_the_state 2 Aug
Most of the third world was food self sufficient before the French CFA and IMF resource extraction debt slavery schemes…
reply
100 sats \ 0 replies \ @TomK OP 2 Aug
Very good point. It is all the more interesting to observe how the French in particular are gradually being thrown out of their old colonies in Africa.
reply
89 sats \ 7 replies \ @0xbitcoiner 2 Aug
I had never heard of such an index. Nice chart! I did some research and found the original data source.
The FAO Food Price Index (FFPI) is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices weighted by the average export shares of each of the groups over 2014-2016. A feature article published in the June 2020 edition of the Food Outlook presents the revision of the base period for the calculation of the FFPI and the expansion of its price coverage, to be introduced from July 2020. A November 2013 article contains technical background on the previous construction of the FFPI.
Monthly release dates for 2024 (tentative): 5 January, 2 February, 8 March, 5 April, 3 May, 7 June, 5 July, 2 August, 6 September, 4 October, 8 November, 6 December.
https://m.stacker.news/42983
https://www.fao.org/worldfoodsituation/foodpricesindex/en/
reply
32 sats \ 6 replies \ @TomK OP 2 Aug
it is indeed an interesting chart for those who want to anticipate geopolitical crises, especially when you think of the Arab Spring which clearly took place in the shadow of food price inflation
reply
68 sats \ 5 replies \ @0xbitcoiner 2 Aug
I don't quite understand how this index can be a tool for anticipating conflicts. Was it possible to anticipate the war in Ukraine? Or was the rise in grain prices was consequence?
https://m.stacker.news/42986
reply
89 sats \ 0 replies \ @Undisciplined 2 Aug
I don't think this was a predictor for the Ukraine invasion, but the rise in grain prices had begun prior to that.
The war in Ukraine exacerbated a trend that started because of poor EU green energy planning. A colleague of mine, who also happens to be a farmer, was talking about this before the war.
Basically, the EU badly overestimated how much renewable energy capacity they were going to have, which led to a large share of global natural gas being diverted to European energy demand. The alternative use for that natural gas was fertilizer production. Fertilizer prices skyrocketed, but there still wasn't enough to fertilize all the crop land. That led to a price spike that most people are attributing to the war, but was coming either way.
reply
32 sats \ 3 replies \ @TomK OP 2 Aug
no, it is about anticipating conflicts in the poor regions of the third world, which can then also develop into proxy wars of western states. like the recent Arab Spring
reply
94 sats \ 2 replies \ @0xbitcoiner 2 Aug
I think I understand. With the rise in the price of food and especially cereals, the poorer regions will suffer more and this could lead to conflicts. Is that right?
reply
64 sats \ 0 replies \ @TomK OP 2 Aug
In these states there is no social system as we know it, which means that the small upper class, which usually keeps power in check with the military, immediately begins to waver when the need is so great that parts of the military change sides because they themselves are affected.
reply
0 sats \ 0 replies \ @TomK OP 2 Aug
In these states there is no social system as we know it, which means that the small upper class, which usually keeps power in check with the military, immediately begins to waver when the need is so great that parts of the military change sides because they themselves are affected.
reply
47 sats \ 0 replies \ @TheMorningStar 3 Aug
Not every revolution can claim food scarcity as one of the reasons, but it is definitely one of the major causes of unrest, and combined with other things it can easily become the tipping point for revolution.
reply
68 sats \ 0 replies \ @Satosora 2 Aug
You should hear all the grumbling happening in the USA. Even though we are known to waste lots of food.
reply
47 sats \ 0 replies \ @Satoshi__Nakamoto 2 Aug
This is being bad food is more important than any thing. Looks like world need to focus on food
reply