Shedding some light on food prices by Doron Francis

Food prices have been going up for some time now. According to OECD data Australia has the highest food price inflation in the western world and for the first time, Australia is now importing more fruit and veg than it exports.  The reasons for this are many: global demand has pushed up prices as populations increase, severe and prolonged drought locally has lead to shortages, demand for oil is increasing whilst production is decreasing and the loss of biodiversity as our land becomes infertile due to unsustainable farming has caused widespread soil erosion, salinity and depletion of water resources. (more…)