By: Adrian Khiat
It was reported in newspapers and TV almost every other day that Living Expenses globally are going up in an unsustainable fashion. It is especially painful when Food is one of it because food has to be consumed no matter who and where the person lives. It will also affect anyone except those who live in the Jungle. (Ermm.. Eg, Mas Selamat will not be affected if he is hiding well in SAF restricted areas consuming leftover combat rations from the Army)
I like to share a few points which I believe should be one of those contributing factors which make the food prices escalate over the past 1 year.
1) Emergence of China, India, Brazil and Russia
* The BRICs are getting more affluent. Many flocked from countryside to cities seeking employment. Their diet changed drastically in the city environment. Read more...