Supermarket price wars and the big picture
We Brits have always had a schizophrenic relationship with food and today is a prime example of that dichotomy. On the same day the FT, the Daily Telegraph, the Independent and the Daily Mail report on the UK’s frankly shameful £12bn food waste, the BBC (video) reports on the ‘austerity sandwich’ - two slices of bread with another slice of bread in-between. Surely £12bn could buy a slightly more exciting filling. Meanwhile the supermarket price war is being cited as a reason for falling inflation figures, which in this economic climate must be a good thing.
What the headlines don’t tell you is that neither the food waste nor the retailers’ discounting is sustainable. Food has been (too) cheap and plentiful for many of us for a long time. We need to remember that the global population is growing at such a rate that traditional farming can’t quite keep up. International grain prices have gone through the roof and combined with droughts, floods and now global warming we’re seeing falling agricultural yields just when they need to rise. It can’t be a coincidence that there have been food riots in more than 30 countries. Food security is becoming a concern for everyone. All of a sudden throwing out perfectly okay food is not just a problem for individual households in the UK.
Posted by Toby Schuster
Wednesday, November 16, 2011 tagged
Media,
News and Views,
food,
insights,
supermarkets 