This article says that the world is only ten weeks away from running out of wheat supplies after stocks fell to their lowest levels for 50 years.The crisis has pushed prices to an all-time high and could lead to further hikes in the price of bread, beer, biscuits and other basic foods. Experts blame climate change as heatwaves caused a slump in harvests last year in eastern Europe, Canada, Morocco and Australia, all big wheat producers.Booming populations and a switch to a meat-rich diet in the developing world also mean that about 110m tons of the world’s annual wheat crop is being diverted to feed livestock.
I think that we should try to tax the things that people buy but, it should only be things such as beer, cigarettes, and things that are known as unhealthy. They should also stop selling fast food chain restaurants. But if they cant stop them then they should tax them even higher prices.
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article34
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