Saturday, July 28, 2012

New England Complex Systems Institute UPDATE July 2012 — The Food Crises: The US Drought

“Here we provide a second update, evaluating the effects of the current drought on global food prices. We find that the drought may trigger the expected third food price bubble to occur sooner, before new limits to speculation are scheduled to take effect. Reducing the amount of corn that is being converted to ethanol may address the immediate crisis.”

No comments:

Post a Comment