The food price inflation
The demand of food import keeps rising in recent months. Even the food exporters cannot meet the demanding from the worldwide buyers. For example, the Thailand rice exporters claimed that the demand has been doubled comparing with 1 year ago.
Some people said it is because China reduces the food export due to internal consumption. The quality of lives for Chinese people has been improved a lot. The local food production are mainly used to meet the internal demand. It might a factor. However the weather is another big factor of affecting food supply. The heat wave experienced across the world last summer has battered harvests, driving up the price of sugar, wheat, fruit, and orange juice, while freak rain storms in Vietnam have been blamed for coffee prices hitting a seven-year high.
With prices soaring in all areas of their business - from wage costs, to fuel costs, to lighting, heating and rates for their stores - it’s no surprise that supermarkets are trying to pass on rising food costs to their customers.
I see the food price inflation will seriously hurt the economy. The worldwide market has the issues of stock market down-turn, sub-prime, commodity price rising, RMB Yuen appreciation, and US Dollar depreciation. How can all international traders overcome all those challenges and continue develop the business?
Please browse more discussions on food price inflation. Thanks!
About the Author: Jou Yaoo has been in IT industry for more than 12 years with experience in different domains (Global Trade, Finance, Insurance, Publishing and so on). He is a co-founder of EasyTrade.com). It is a free B2B e-Commerce and Business Directory site built on sophisticated technology platform to engage the business for Asian suppliers and western buyers.
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Print Article | Download PDF | 97 views | Apr 23 2008
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