Food & agriculture - Nov 6
by Staff
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On commodity markets, the price of wheat is barely half what it was a year ago. And as it falls, more food prices look set to tumble. But before cracking open the Bollinger, the Brown cabinet would do well to ponder the implications of having food prices so closely bound up with commodity movements. Our food supply is now more dependent on globally traded grains than at any time in our history. This makes it inherently unstable and vulnerable to the kind of catastrophic meltdown that threatened the banking industry. First, there's the danger of extreme weather events, worsening as a result of climate change. Grains are at risk both from heavy rainfall and from drought, and this year's rain-drenched harvest was saved only by a fine spell in September. Then there's the reliance of wheat farmers on oil. To grow the crop, they need diesel to power their giant machines, whose very manufacture requires barrels of the stuff. Then there's the oil contained in the chemical fertilisers and pesticides, without which their over-worked soils would scarcely grow a thing. Little wonder, then, that wheat price movements reflect almost exactly the rollercoaster fluctuations of the oil market. Finally, our grain-based food supply is largely controlled by commodity traders and brokers - speculators now dictate the price and availability of many foods on our supermarket shelves...
The "Capital Growth" project is the first initiative delivered by Rosie Boycott since she was appointed chair of London Food by the London mayor over the summer. The former newspaper editor wants councils, schools, hospitals, housing estates, and utility companies to identify derelict land that can be turned into vegetable gardens by green-fingered Londoners keen to grow their own spuds rather than buy transported produce from the supermarket. Boycott also envisages that spare pieces of land can be found on canal banks, banks of reservoirs, and disused railway yards. Boycott said: "London has a good deal of green spaces – some derelict or underused - but not being used as well as they could be. We also have a veritable host of enthusiastic gardeners who are well equipped to turning derelict or underused spaces into thriving oases offering healthy food and a fantastic focus for the community...
But today Britain's beekeepers will stride down Whitehall to demand government action to halt the alarming decline in honey bee numbers seen over the last year. Two billion bees – one in three of Britain's honey bee colonies – have been lost over the past 12 months, in the worst losses ever seen in the UK. Yet the causes are unclear, and the apiarists fear there is nothing to prevent a similar devastation this winter – but the Government, they say, is letting it happen... |
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