- 2000 pounds of grain must be supplied to livestock in order to produce enough meat and other livestock products to support a person for a year, whereas 400 pounds of grain eaten directly will support a person for a year.
- Changing diet patterns also contribute to unsustainable water usage: bovine meat production requires roughly 8-10 times more water than cereal production
- There’s ample room for farm productivity increases in Africa and Asia.
- Less than half of the food produced is available for human consumption, as the result of harvest and post-harvest losses as well as use of grains for animal feed
- The weakening dollar allows commodity importers to buy more product, since all prices are quoted in US dollars
- Average peak to trough move has been 140% since 1972 and average about 20 months. Suggests prices for ags could move higher though autumn.
- Average Peak to trough for oil and metals has been 300% and is about 2-3 years due to slower time to market
- Holding stocks are a key indicator. Corn Stocks are quite low at the moment.
- Agricultural prices have a limited impacted on US retail food prices, accounting for 20-25% of costs in the US food basket, according to the USDA. Wheat prices only account for 6% of bread prices.
- Past experience shows that a 50% increase in commodity prices translates to a 10-15% increase in food price inflation.
- Example : if commodities increase 15%, food inflation may increase 5%, and headline inflation 0.5%
The food sector uses about 10% to 15% of all energy in the industrialised countries
But it varies by country :
Popularity: 1% [?]