Title: What is food inflation, its causes and impacts? - Bayt.com Specialties
Headings: What is food inflation, its causes and impacts?
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What is food inflation, its causes and impacts?

Content: It stood inflation in food prices in the United States, 5.9 percent in February this year, its highest level for 26 years, and reached 6 percent in Britain in April and 18.6 percent in China in August. Some local factors in addition to inflationary pressures also contributed but the impact was limited as the current trends in food prices in Saudi Arabia are not much different from their counterparts in the rest of the region, and indicates the latest data to reach the inflation in food 5.6 Prices percent in Kuwait and the UAE and 7.5 percent in state Diameter. Many of the major food prices also jumped globally in the recent period, where the food index rose for the International Monetary Fund (which includes cereals, vegetable oils, meat, seafood, sugar, bananas and oranges) to 29 percent since the beginning of 2004. As beverage index (which includes coffee, tea and cocoa) what's behind the rise in agricultural commodity prices at the global level: Mutation in consumption patterns: rising incomes in China and India has caused significant changes in global dietary patterns, where eating habits are changing for individuals income levels rise and be strengthened or even replace the popular foods to those that have the highest proportion of proteins,
Currently, the average per capita income rising at an annual rate of 7 percent in India and about 10 percent in China, causing the release of a wave of higher demand for meat, eggs and milk (now the demand for beef and poultry is growing at an annual rate of 20 percent). Taking the total population in these countries of 2.5 billion people in mind (over a third of the world's population), we find that the changes taking place in China and India has enormous implications for food prices globally and on other product prices (Economic growth in these countries is a major factor behind the surge in oil prices over the past four years). The change in consumption patterns in India responsible largely for the sharp increase in rice prices in Saudi Arabia, it has resorted consumers in India to replace the cheapest and least kinds quality quality basmati rice in line with the high levels of income they have, at the time led the synchronization of the above with the slight decline in the case of production and the increasing scarcity of inventory (global rice stocks at their lowest level in 30 years) to the high prices. Basmati rice cost in India has risen by 30 percent since last December. The rial has dropped 9 percent against the Indian rupee during the same period to the high price paid by the Saudi consumer (most of basmati rice supply for sale in Saudi Arabia imported from India).