Peak Grain: Global grain stockpiles are down to their tightest levels in three decades after two years of unusual weather patterns. Heatwaves have wilted crops in the granaries of the world while floods and other environmental scourges have devastated some of the poorer "self-sustaining" regions.
Global wheat stockpiles will fall to a 34-year low by June 2008, according to the International Grains Council. U.S. stockpiles will fall to lowest level since 1951-52. Wheat futures in Chicago reached $9.3925 a bushel late September when major supplier Ukraine slashed exports.
The price of a bushel has more than doubled in the past year.
The bushel of woes includes rice, barley, soybeans, sorghum, oats and lentils as well, and they are all sagging under record prices. The grapes of wrath have gone on to stalk eggs, cheese, milk, meat and the a la carte menu.
There may come a point when the industrial food chain has little choice but to pass the rising costs to consumers in a dramatic fashion.
Creeping upticks in the price of milk and bread are turning Europeans livid. Milk is now dubbed as the "new white gold."
It is not just bad weather to blame. Rising demand from China is pushing up prices, despite the fact that only half of its urban population has basic health insurance. Tragically, processed food re-exported through Beijing's food chain is causing a global health nightmare.
But why pick on China? The current biodiesel craze is inducing farms to purpose-plant their crops for the profitable bioenergy industry, according to the Hamburg-based Oil World.
"It is high time to realise that the world community is approaching a food crisis in 2008 unless usage of agricultural products for biofuels is curbed or ideal weather conditions and sharply higher crop yields are achieved in 2008," it added
Bad news gets worse.
Peak Water: There is not enough freshwater around to sustain the planet's inland ecosystem and its human population. Rivers that help supply drinking water are laden with toxic industrial wastes. Population growth is already straining the capacities of water treatment plants worldwide while desalination plants remain the prerogative of wealthy nations. According to the Pacific Institute: "Over 1 billion people don't have access to clean drinking water; more than 2 billion lack access to adequate sanitation; and millions die every year due to preventable water-related diseases. Water resources around the globe are threatened by climate change, misuse, and pollution." It estimates that "over 34 million people might perish in the next 20 years from water-related disease -- even if the United Nations 'Millennium Development Goals,' which aim to cut the proportion of those without safe access by half, are met." [3]
Lots of water will be diverted to industries and agriculture, or the highest bidder as privatization of water supply gains currency. In some regions, the situation is so acute that water diversion in one country may precipitate conflict with a neighbor. As early as 1974, Iraq reportedly mobilized its army to target Syria's al-Thawra dam on the Euphrates. Israel has cast its own eyes on Lebanon's Litani River.
According to Former UN Secretary General Boutros Boutros-Ghali, "The next war in the Near (Middle) East will not be about politics, but over water."
If this watery grave is not enough, think of the next one...
Peak Fish: There is some fishy business going on in our oceans. Like oil and water, we are trawling deeper and deeper for our fish supplies. Such piscatorial adventures have led to a global decline in fish stocks. "Ecologists worry that entire fisheries will collapse as... 'junk fish' are used up." Aquaculture, which substitutes marine catches to an extent, comes with its own environmental problems. [4]
The Times of London paints a similar gloomy scenario. According to some experts, 90% of fish around British waters "will disappear within 20 years" in the absence of an immediate intervention.
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