Issues & Experts >
Issues & Experts Archive > Rising food prices
Rising food prices
Document Tools
March 9, 2011
Food prices climb
High food prices are already hitting consumers but the cost is expected to climb higher yet, experts predict. Bad crops, high oil prices and the economic recovery are all being blamed. Escalating costs of commodity ingredients like wheat, corn, oil and sugar are driving prices up. SFU business professor John Peloza can comment on why, and what it all means to consumers. Meanwhile SFU political scientist Andy Hira writes in his soon to be published chapter, World Food Demand: Coping with its Growth, in the journal Advances in Food Science and Technology, that some estimates suggest that global farm output might need to double to meet projected demand to avoid price increases. Hira points to the role of oil prices and also makes a case for the need to improve the agricultural productivity in the developing world.
John Peloza, 778.782.7338; peloza@sfu.ca
Andy Hira, 778.782.3286; ahira@sfu.ca
High food prices are already hitting consumers but the cost is expected to climb higher yet, experts predict. Bad crops, high oil prices and the economic recovery are all being blamed. Escalating costs of commodity ingredients like wheat, corn, oil and sugar are driving prices up. SFU business professor John Peloza can comment on why, and what it all means to consumers. Meanwhile SFU political scientist Andy Hira writes in his soon to be published chapter, World Food Demand: Coping with its Growth, in the journal Advances in Food Science and Technology, that some estimates suggest that global farm output might need to double to meet projected demand to avoid price increases. Hira points to the role of oil prices and also makes a case for the need to improve the agricultural productivity in the developing world.
John Peloza, 778.782.7338; peloza@sfu.ca
Andy Hira, 778.782.3286; ahira@sfu.ca