"The world's 200 wealthiest people have as much money
"The world's 200 wealthiest people have as much money
as about 40% of the global population, and yet 850
as about 40% of the global population, and yet 850
!
!
218.2
200 250
94.1
0 50 100 150
2002 2003 2004 2005 2006 2007 2008 / 1 2008 / 4
"
#
$
"
#
$
60
80
100
120
140
400
600
800
S
$
/b
a
rr
e
l
U
S
$
/t
o
n
Corn
Wheat
Rice
Oil (right scale)
(As of Sept. 2008)
(As of Sept. 2008)
0
20
40
60
0
200
U
S
$
U
S
Source: Data from FAO 2008 and IMF 2008 Source: Data from FAO 2008 and IMF 2008.
Since Jan. 2003, m
Since Jan. 2003, m
!
!
" # $
" # $
%
% &&
" #
" # $
(
(
)
(
(
)
%
!
$
&
'(( )'
you
are
here
Source: Reproduced from Ronald Trostle, “Global Agricultural Supply and Demand: Factors Contributing to the Recent Increase in Food
!
#
!
#
400 500
Cotton Maize Wheat Groundnut Rice Crude Oil
Monthly Prices of Select Commodities on World Markets, Jan. 1980 - July 2008 (Nominal U.S. dollars, indexed to January 2000 = 100)
0 100 200 300
'
'
*
*
+
+
$
$
+
+
!
$
!
$
,
$
-
+
,
$
-
+
.
/
0
.
/
0
.
/
0
.
/
0
1
1 $
'
'
*
*
+
+
$
$
+
+
!
$
!
$
Percent change in agricultural production due to climate change, 2008
Percent change in agricultural production due to climate change, 2008
This will have further price increasing effects
This will have further price increasing effects
,
$
-
+
,
$
-
+
900 1,200
1,600 2,000
Million tons
Total
Million tons
0 300 600
1999 2000 2001 2002 2003 2004 2005 2006 2007*
800 1,200
Wheat
Coarse grains
Rice
Total (right)
Source: Data from FAO 2003, 2005 Source: Data from FAO 2003, 2005--07.07. * Forecast.
3. Price rises happen when stocks are low
IMF
price
indexes
Total world
grain &
oilseeds
stocks
100
120
140
160
Million
World Ending Stocks
2005/6
STOK PANGAN DUNIA
STOK PANGAN DUNIA
13
0
20
40
60
80
Million
Metric
Tons
Wheat
Corn
Rice
Soybean
.
+
/
0
.
+
/
0
$
#
!
+
$
#
!
+
60 701
9
7
4
2
0
0
7
G
lo
b
a
l E
n
d
in
g
S
to
c
k
s
o
f R
ic
e
a
n
d
W
h
e
a
t 1
9
6
0
-2
0
0
7
(k
g
p
e
r
c
a
p
it
a
)
0 10 20 30 40 50
Kilograms per capita
4. Price rises happen when dollars are cheap
IMF
price
indexes
US dollars
per unit of
foreign
currency
(index of all currencies, weighted by U.S. ag. trade volumes)
5. Price rises happen when demand grows
Biodiesel (mostly EU)
Ethanol (mostly US)
3 4
!
3 4
!
!
5 6 ! +
!
!
5 6 ! +
!
…about the same share as increased feed use;
food use accounts for 44% of growth
7 !
!
0 # /
7 !
!
0 # /
8
$
- '((
8
$
- '(( 99
*****************************
*****************************
**
**
3 0 0 3 5 0 4 0 0 4 5 0 5 0 0 $/ton
+
+
0 50
The Balance of Food, 2025
The Balance of Food, 2025
,
,
(
(
-.-/
-.-/
$
$
0
0
-.-/
-.-/
(" #
(" #
-.-/
-.-/
#
#
-.-/
-.-/
!
"
!
"
:
!
#
$
$
:
!
#
$
$
Trade
Trade
restriction
restriction
Trade
Trade
liberaliz.
liberaliz.
Consumer
Consumer
subsidy
subsidy
Social
Social
protection
protection
Increase
Increase
supply
supply
Asia
Asia
BangladeshBangladesh XX XX XX XX
China
China XX XX XX XX
India
India XX XX XX XX XX
Indonesia
Indonesia XX XX XX XX
Malaysia
Malaysia XX XX XX
Thailand
Thailand XX XX XX
Latin America
Latin America
Argentina
Argentina XX XX XX XX
Brazil
Brazil XX XX XX
Mexico
Mexico XX XX XX
Peru
Peru XX XX XX
Venezuela
Venezuela XX XX XX XX
Africa
Africa
Egypt
Egypt XX XX XX XX
Ethiopia
Ethiopia XX XX XX XX
Ghana
Ghana XX XX
Kenya
Kenya XX
Nigeria
Nigeria XX XX XX
Tanzania
Tanzania XX XX XX
