It seems like the economy in China is not that good either

[Castout]

Food rising prices is a global occurrence.


It will keep on rising and a few of those food commodities may probably reach ridiculous level not yet seen, at least in the near future for a brief time. But the trend is that they'll keep increasing in the long run.

As global population grows and climate change ruins many farmers' crop, rising food prices is really inevitable. I can't imagine food prices in the next 20 years. The meals that we now take for granted or think as ordinary may become fancy or rather too fancy. This will affect almost everybody but the rich or very rich(our dishes will change). We're overfishing the world's ocean as well to a very alarming level. The world may be heading to global starvation or severe food crisis in the long run. So leaders in the related field better use their resources to prevent this. The edge we have over beasts is that we can analyze. If we do nothing then we deserve what's coming.

Another thing is that in highly prosperous countries where the average people earn more than decent amount of money then commodity prices will be high or noticeably higher. The reasoning is now much more people are demanding supply that can't keep up with the growing demand. Housing will be very very costly as well as food to entertainment products. Example of this are Japan and probably Australia which enjoy unprecedented long run prosperity growth.

This may be what driving food prices in China as well exacerbating reduced crops problem. More people are now seeking to buy what was once thought to be fancy food and hence driving food prices upwards.