Potential crop failure due to drought led China to buy wheat on the international market and contributed to a doubling of global wheat prices; the resultant price spikes had a serious economic impact in Egypt, the world's largest wheat importer,
where bread prices tripled.
Not exact matches
«In a category like
bread where demand is very stable and inelastic intuitively EDLP would make some sense — with consistent
pricing there's consistent supply chain management, more
bread is available and there's less wastage,» he said.
Burning food crops for power is the worst use of scarce land imaginable, and has already led to a situation
where there is a direct conflict between food and energy: a significant proportion of the food -
price spike in 2008 (and a further spike in early 2011), which led to widespread hunger and
bread riots in many poorer countries, was driven by crops being withdrawn from international markets to produce biofuels for transport.
Price includes a basic breakfast of eggs,
bread and jam, served up in a small reception area
where you can also grab a drink and set up your laptop to update your travel blog.