Skip to comments.Why climate change may ruin breakfast [increase the price of Kellogg's Corn Flakes by 30 percent]
Posted on 05/20/2014 10:43:04 AM PDT by Sub-Driver
Why climate change may ruin breakfast
By Laura Barron-Lopez - 05/20/14 12:08 PM EDT
A new report out Tuesday says climate change might increase the price of Kellogg's Corn Flakes by 30 percent in the next 15 years.
The Oxfam study draws from the recent slew of reports released by the Obama administration and the United Nations to argue that climate change will hike prices on raw agricultural goods.
Oxfam estimates that changing weather patterns like hurricanes and drought could drive up grain prices, which will hurt the retail price of Kellogg's Corn Flakes in the U.S. by roughly 30 percent and about 40 percent in the United Kingdom.
The report cites a statement by Kellogg's to the Carbon Disclosure Project last year in which the company notes the growing risks inflicted by climate change.
Kellogg's said that could raise prices for both Corn Flakes and Frosted Flakes.
"As a company dependent on a consistent supply of agricultural raw materials, Kellogg is exposed to potential risks associated with changes in weather patterns and their impacts on the growing cycle," Kellogg's states. "These issues could have impact on our global supply chain."
General Mills's Kix cereal could increase in price by up to 24 percent by 2030, Oxfam says.
The real problem, Oxfam says, isn't that Frosted Flakes will go up in price. It's that the same root problem will lead to wider hunger and poverty.
The report says the "Big 10" food and beverage companies are both contributing to and left exposed to climate change.
Oxfam calls on all of the top 10 companies, which include Kellogg's, General Mills, Coco-Cola, Nestle, Unilever and PepsiCo, to more aggressively adopt policies to act on climate change.
"Too many of todays food and beverage giants are crossing their fingers and hoping that climate change wont disrupt the food system, said Raymond C. Offenheiser, president of Oxfam America. The Big 10 food companies generate over $1 billion a day and have great power to influence global food chains. If the companies who profit most from a safe and reliable food supply wont help stop the climate crisis, who will?
Oxfam estimates that the top 10 companies emit roughly 263.7 billion tons of greenhouse gases, which come from production of agricultural materials.
Heh. Everything we eat for breakfast comes from either one of our chickens or our masticating juicer...
It’s a sacrifice we must make to go without health insurance in our 60’s. :-)
Corn flakes suck. Better to feed it to the cattle or turn it into Whiskey.
And of course this has nothing to do with ‘renewable’ fuel requirements.
Corn flakes are so gheavily subsidized that it only costs 10 cents worth of corn to make a box of corn flakes, if corn doubled it would push it up a whole whopping 10 cents....
OMG corn flakes are so expensive...
Exactly. Drink grains, don't eat them.
“A new report out Tuesday says climate change might increase the price of Kellogg’s Corn Flakes by 30 percent in the next 15 years.”
Heck, Obama’s done that in less than 6.
The fools don’t realized how bad it will be if the Democrats have their way and force a carbon tax on everyone and everything.
Brand name cereals have been way overpriced for many years. Give me bacon & eggs, or a bagel with a schmear.
Renewable fuel requirementsare about to go up to more engine damaging levels. Think of all the corn flakes going out the exhaust.
Actions that purport to “fight climate change” have already done worse. I thought the article was going to be about the folly of turning food into fuel, in the name of “green” energy.
Breakfast cereals are already the most overpriced things in the world, after bottled water and funerals.
Or it could be the idiotic EPA rule that is requiring more ethanol, made from corn, in every gallon of gasoline we burn.
2 credible sources (rolling eyes)
The renewed AGW offensive rages on...
That comes to 2% a year. Much less than rate of inflation for cereal over the past few years. Go Climate Change!
Actually, they are reducing the size of the packages, to avoid sticker shock..
The climate hustlers are long overdue for a spanking.
I find the reduction in the size of things more annoying than a price increase.
The “pound” of bacon that they sell now would never have been enough in my family raising years. Neither would the large cans of tuna. Tissues and toilet paper——don’t ask!!!!
Do they think we are all fools?
Absolutely. We are burning our food. Insanity.
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