Prepare Yourself – UN Says Food Prices May Rise By 20% in 2011

Summer's Droughts Affect Wheat Crops

Summer’s Droughts Affect Wheat Crops

Can you imagine your food bill being 20% higher in 2011 than it is this year?

The United Nations warned on Wednesday that food prices could rise by up to 20% in 2011. They think this for the following reasons:

  • Prices of wheat, maize, and other foods has risen by 40% in just a few months.
  • Sugar, butter, and cassava prices are at 30-year highs.
  • Meat and fish are significantly more expensive than last year.
  • Food analysts predict that 2011 will not be a good harvest.
  • Global food imports will top $1 Trillion Dollars this year (which means food production is down).
  • Russia’s ban of wheat exports has sent global wheat prices soaring.

As if that is not enough reason, global food reserves stand at around 74 days, a figure that is expected to decrease significantly in the coming months. “Cereal reserves may drop by around 7%, barley by 35%, maize 12%, and wheat by 10%”, said the UN report.

The only thing you can do to protect yourself is:

Store food and water for your family

You can start right now. How would you like to feed a family of four for 1.5 months?

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