The need for divesifiaction in imports

Topic: International Trade 

What is in it for you: Of the 6,000 plant species humans have eaten over time, the world now mostly eats nine, of which just three — rice, wheat, and maize — provide 50% of all calories. The cheaper the food gets, and the lower the imports from the government, the dependence on the above-mentioned crops rises and given with it the dependence on a few select countries. In addition to that, people now have diets with more fats and carbohydrates, and fewer nutrients. 

Effects: 

The UN estimates soaring costs will push 71 million people globally below the poverty line. Global crop yields could fall about 30% because of climate change, while food demand is expected to jump 50% in the coming decades, according to United Nations estimates.


New opportunities and Future insights: It will be a long road for any of these initiatives to make a notable difference against the trend for homogenization the industrialized supply chain promotes. Both the current and potential future disruptions have sparked a new interest in traditional crops such as sorghum, rye, cassava, fonio, sweet potato, and yam which have been marginalized as diets shifted to alternative staples. Lesser-known crops like finger millet and grass pea can be reliable food sources in times of drought and crop failure.

Sources:

Bloomberg Outtake

Research on the homogeneity of diets across the globe

In case of complaints or suggestions:

Email - thetabloid24@gmail.com

LinkedIn

Twitter

Instagram

YouTube

Comments

Post a Comment

Popular posts from this blog

Saudi-US Tensions Simmer

Image
A dispute over oil risks causing irreparable harm to US relations with Saudi Arabia, a crucial partner for Washington in the Middle East. Causes: Nearly two weeks on from a decision by OPEC+ to cut oil production, tensions are escalating. White House National Security Adviser Jake Sullivan fired the most recent salvo, saying the US would consider changes to the security and military support it provides Riyadh. “The president isn’t going to act precipitously,” Sullivan said on Sunday to CNN. Biden will “take his time to consult with members of both parties put over oil risks causing irreparable harm to US relations with Saudi Arabia, a crucial partner for Washington in the Middle East. Effects: In response, officials across the Middle East have denied the supply decrease was politically motivated or a reflection of support for Russia following its invasion of Ukraine. Saudi Defense Minister Khalid Bin Salman said the decision was “due to purely economic reasons,” while ministers from
Read more

The Winter is Coming

The Oil and gas from Russia are exceptionally essential for serving the winter in Europe. After all, even Hitler succumbed to it.  Causes -  The diesel which is used for generating electricity is now available in historically low amounts in North-Western Europe, so much so that by this November, an energy crisis, including blackouts and lack of fuel and electricity for large-scale industries is extremely essential. Adding to his discussion is the large-scale drying up of the Rhine (river in Germany), which supplies and transports all the diesel in Europe. The forecast of this news is so gloomy, that this river which controls trades over 80 billion USD will stop. Effects - Adding to this the already food shortages in Europe due to the war, the survival of the poorest will be challenging in the coming months. The signs of relief from the Western Superpower are low because they are themselves dealing with extreme inflation (CPI peaked at 0.2% in June).  What is in it for you - Well in mac
Read more