Posted on 10/08/2011 7:53:45 PM PDT by dynachrome
The head of the world's biggest food company Nestle said on Friday that rising food prices have created conditions "similar" to 2008 when hunger riots took place in many countries.
"The situation is similar (to 2008). This has become the new reality," the Swiss giant's chairman Peter Brabeck-Letmathe told the Salzburger Nachrichten daily in his native Austria in an interview.
"We have reached a level of food prices that is substantially higher than before. It will likely settle down at this level.
"If you live in a developing country and spend 80 percent of your income on food then of course you are going to feel it more than here (in Europe) where it is maybe eight percent."
In 2008, the price of cereals reached historic levels, provoking a food crisis and riots in a number of African countries, as well as in Haiti and the Philippines.
(Excerpt) Read more at news.yahoo.com ...
(sorry, couldn't resist)
Thank you Mr. Obama.
OH FUDGE!
Well, when the dollar is debased on a regular basis, this is to be expected.
Ah shucks....I need to lose weight anyway.
No more Swiss Chocolate for me.
The US has spent more than 50 years showing the rest of the world how to grow more food than they can possibly eat.
They don’t want to.
Let the bastards starve to death.
See tagline.
NOW can we stop turning corn into ethanol, Iowa??
Subsidies and tariffs: just the thing to put a little drama in your life.
Gosh. I wonder what the world would be like if someone could come up with a way to genetically alter seed so that its crop could be bountiful even during drought and other natural occurances.
oh....wait a minute....
Nearly all of the starvation in the world is political in origin.
‘Tis the plan of the Leftist bastards in charge.
Brabeck-Letmathe said another factor was water, saying humans were "using more water than is sustainable" and calling for the price of water to rise in order to encourage firms and consumers to be less wasteful.
Sorry - this sets of my super-sensitive libtard BS detector.
I went into WAL*MART for a few things the other day and I felt like I was in downtown Stalingrad..there was no produce..just empty crates as far as the eye could see..my girlfriend said...”Is there a food shortage we don’t know about?”....crazy..and this is in central NY too.
Nearly all of the starvation in the world is political in origin.
You’re right.
Nestle... yeah... the company that had that Third World infant formula scandal... all worried about declining chocolate demand...
Rising food prices? OPEC’s fault.
Thanks dynachrome.
Put down the chocolate and nobody will get hurt.
Well, when the dollar is debased on a regular basis, this is to be expected.
Interesting how they never mention that fact in these articles...
Nearly all of the starvation in the world is political in origin.
Exactly true. Somalia, Nigeris, even South Asia.
The US has spent more than 50 years showing the rest of the world how to grow more food than they can possibly eat.
They dont want to.
Excellent point!
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