The cost of wheat and cereals has soared by 70% over the same period a year ago. Only last month the rise in the cost of wheat was 3.7%. E 'reveals what the last FAO report. Overproduction by Argentina, China and Ethiopia have fortunately overcome at least in part to two opposing factors: 1) to lower production in Russia because of the extensive fires of last summer and the increasing conversion of large areas in the U.S. manufacturing production ethanol and biofuels, and 2) increased consumption by China and India. This has been a slight majority of consumption with respect to availability as early as 2010: 2010 production = 2.229 million tons, consumption = 2260; 2011: 2237 = production, consumption = 2278. The result was that by taking the value 100 = average cost of cereals in the period 2002/2004, the average cost January 2011 = 245 and appears to be in February 2011 = 254 against 121, 167, 2006 and 2007. FAO data also show a substantial balance and a very strong convergence - an almost perfect coincidence you might say - between supply and demand, although since 2010 there has been a very small majority against a majority demand for supply of previous years. The 70% increase in one year - as indeed gl'aumenti previous years older - so can not quite find their purpose and their plausibility in a productive and therefore necessarily refer to severe criminal and vicious speculation. The impact of these increases are totally unjustified and illegitimate, of course inversely proportional to the wealth of the country that has been very strong in North African countries characterized by a very low GDP per capita: $ 3800 Algeria, Egypt 2760, Morocco 3000, Tunisia 4250. Better from this point of view the situation in Libya with $ 6510. I give guideline values \u200b\u200bas compared to those of Malta (about $ 13,000) and Italy (just under 20000). Should be added here some basic economic considerations, already made by Adam Smith and later denied ever: "In any stage of society, at every stage of progress, the grain is the product of human activity. (...) As a result, the grain is, in every different stage of wealth and progress; a more accurate measure of value than any other commodity or group of products. (...) In addition, the grain is in each country the main source of livelihood of the worker. "(" The Wealth of Nations "pag.201 Newton Compton 1995)." The price of corn regulates the price of domestic products all the others. It regulates the money price of labor, which must always be such as to enable the employee to purchase a quantity of corn sufficient to maintain himself and his family as generous, modest or poor in the situation of progress, stationary or recourse obligation of society to keep those who use it. It regulates the money price of all other components of the crude product of the earth and (...) so that the materials of almost all manufactures. By regulating the money price of labor, regulates the price of fine art and productive activities. And regulate these, it regulates the price of the finished manufacture. The money price of labor, and anything that is the product of land or labor, must necessarily increase or decrease in relation to the cash price of wheat . "(Ibid., p.. 432). In light of these considerations is easy to imagine what it means and leading to an increase in the cost of wheat by 70% in just one year in countries such as North Africa where the per capita income is around a few hundred dollars a month.
francesco Latteri Scholten (04/03/2011)
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