Global food prices to spike, reserves to plummet in 2013 Featured

Authors: grist.com FOOD

Global food prices to spike, reserves to plummet in 2013ShutterstockNot so fast, kid.

If you’re eating something right now, you’re going to want to stop. Not because this post is gross. Because you might want to save that to eat when the world runs out of food in a few months.

From The Guardian:

Global food prices to spike, reserves to plummet in 2013Food and Agriculture OrganizationBoth production and stocks of cereals are down.

Failing harvests in the US, Ukraine and other countries this year have eroded reserves to their lowest level since 1974. The US, which has experienced record heatwaves and droughts in 2012, now holds in reserve a historically low 6.5% of the maize that it expects to consume in the next year, says the UN. …

With food consumption exceeding the amount grown for six of the past 11 years, countries have run down reserves from an average of 107 days of consumption 10 years ago to under 74 days recently.

Prices of main food crops such as wheat and maize are now close to those that sparked riots in 25 countries in 2008. [The UN Food and Agriculture Organization] figures released this week suggest that 870 million people are malnourished and the food crisis is growing in the Middle East and Africa. Wheat production this year is expected to be 5.2% below 2011, with yields of most other crops, except rice, also falling, says the UN.

Global food prices to spike, reserves to plummet in 2013Food and Agriculture Organization

The FAO, in its monthly food price index, outlines how prices in 2012 compare to years past. While the rise in prices in 2010 was more dramatic, prices in 2012 are near a high for this time of year. Broken down by category:

Global food prices to spike, reserves to plummet in 2013Food and Agriculture OrganizationClick to embiggen.

As Oxfam noted earlier this year, food price fluctuations like those we’re curre......

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