Wheat is coming up strongly as well, with Chicago Wheat for Sep-12 also up by more than 2%
Soyabeans are also on a dramatic rise, another basic food staple that has gained by more than 2% since the markets opened.
I have no idea what these prices are going to look like on Monday morning, but it seems to me that another spike in food prices, with it's attended social problems and food riots is on the way.
So in this vien, I thought I would attach this fascinating BBC article on what science is cooking up in a drive to feed the planet in the face of growing population and global weather disruptions.
http://www.bbc.co.uk/news/magazine-18813075
[begin article]
Future foods: What will we be eating in 20 years' time?
BBC News Magazine
Volatile food prices and a growing population mean we have to rethink what we eat, say food futurologists. So what might we be serving up in 20 years' time?
It's not immediately obvious what links Nasa, the price of meat and brass bands, but all three are playing a part in shaping what we will eat in the future and how we will eat it.
"In the West, many of us have grown up with cheap, abundant meat," says food futurologist Morgaine Gaye.
"Rising prices mean we are now starting to see the return of meat as a luxury. As a result we are looking for new ways to fill the meat gap."
So what will fill such gaps and our stomachs - and how will we eat it?
Foods we used to eat
- In ancient Greece breakfast was bread dipped in wine
- In ancient Rome they liked garum, a sauce made out of fish entrails and fermented for a long time in the sun
- In Tudor times spit-roast dolphin was on the menu
- Henry VIII's banquets would include peacock, heron, porpoise and seagull
Insects
Insects, or mini-livestock as they could become known, will become a staple of our diet, says Gaye.
It's a win-win situation. Insects provide as much nutritional value as ordinary meat and are a great source of protein, according to researchers at Wageningen University in the Netherlands. They also cost less to raise than cattle, consume less water and do not have much of a carbon footprint. Plus, there are an estimated 1,400 species that are edible to man.
Gaye is not talking about bushtucker-style witchetty grubs arriving on a plate near you. Insect burgers and sausages are likely to resemble their meat counterparts.
"Things like crickets and grasshoppers will be ground down and used as an ingredient in things like burgers."
The Dutch government is putting serious money into getting insects into mainstream diets. It recently invested one million euros (£783,000) into research and to prepare legislation governing insect farms.
A large chunk of the world's population already eat insects as a regular part of their diet.Caterpillars and locusts are popular in Africa,wasps are a delicacy in Japan, crickets are eaten in Thailand. But insects will need an image overhaul if they are to become more palatable to the squeamish Europeans and North Americans, says Gaye.
"They will become popular when we get away from the word insects and use something like mini-livestock."
Insect nutritional value /100g
Food source Protein (g) Calcium (mg) Iron (mg)
Caterpillar 28.2 n/a 35.5
Grasshopper 20.6 35.2 5.0
Dung beetle 17.2 30.9 7.7
Minced beef 27.4 n/a 3.5
What noises affect what tastes?
Low brass sounds make things taste more bitter
High-pitched tunes played on a pianos or bells make things taste sweeter
It can feed humans and animals and can be grown in the ocean, a big bonus with land and fresh water in increasingly short supply, say researchers. Many scientists also say the biofuel derived from algae could help reduce the need for fossil fuels.
Grasshopper 20.6 35.2 5.0
Dung beetle 17.2 30.9 7.7
Minced beef 27.4 n/a 3.5
Sonic Enhanced Food
It's well documented how the appearance of food and its smell influence what we eat, but the effect sound has on taste is an expanding area of research. A recent study by scientists at Oxford University found certain tones could make things taste sweeter or more bitter.
"No experience is a single sense experience," says Russell Jones, from sonic branding company Condiment Junkie, who were involved in the study. "So much attention is paid to what food looks like and what it smells like, but sound is just as important."
The Bittersweet Study, conducted by Charles Spence, a professor of experimental psychology at Oxford University, found the taste of food could be adjusted by changing the sonic properties of a background soundtrack.
"We're not entirely sure what happens in brain as yet, but something does happen and that's really exciting," says Jones.
Sound and food have been experimented with by chef Heston Blumenthal. His Fat Duck restaurant has a dish called the Sound of the Sea, which is served with an iPod playing sounds of the seaside. The sounds reportedly make the food taste fresher.
But more widespread uses are developing. One that could have an important impact is the use of music to remove unhealthy ingredients without people noticing the difference in taste.
"We know what frequency makes things taste sweeter," says Jones. "Potentially you could reduce the sugar in a food but use music to make it seem just as sweet to the person eating it."
Companies are also increasingly using the link between food and sound in packaging. One crisp company changed the material it used to make packets as the cruncher sound made the crisps taste fresher to consumers. Recommended playlists could also appear on packaging to help enhance the taste of the product.
Jones says the use of sound is even being applied to white goods. Companies are looking into the hum fridges make, as a certain tone could make people think their food is fresher.
High-pitched tunes played on a pianos or bells make things taste sweeter
Lab Grown Meat
Earlier this year, Dutch scientists successfully produced in-vitro meat, also known as cultured meat. They grew strips of muscle tissue using stem cells taken from cows, which were said to resemble calamari in appearance. They hope to create the world's first "test-tube burger" by the end of the year.
The first scientific paper on lab-grown meat was funded by Nasa, says social scientist Dr Neil Stephens, based at Cardiff University's ESRC Cesagen research centre. It investigated in-vitro meat to see if it was a food astronauts could eat in space.
Ten years on and scientists in the field are now promoting it as a more efficient and environmentally friendly way of putting meat on our plates.
A recent study by Oxford University found growing meat in a lab rather than slaughtering animals would significantly reduce greenhouse gases, along with energy and water use. Production also requires a fraction of the land needed to raise cattle. In addition it could be customised to cut the fat content and add nutrients.
Prof Mark Post, who led the Dutch team of scientists at Maastricht University, says he wants to make lab meat "indistinguishable" from the real stuff, but it could potentially look very different. Stephens, who is studying the debate over in-vitro meat, says there are on-going discussions in the field about what it should look like.
He says the idea of such a product is hard for people to take on board because nothing like it currently exists.
"We simply don't have a category for this type of stuff in our world, we don't know what to make of it," he says. "It is radically different in terms of provenance and product."In the beginning it will taste bland... we will need to work on the flavour ”
How is a hamburger made in a laboratory?
There are several steps and the procedure starts when muscle stem cells are taken from animals in a biopsy, says Mark Post, who is leading the project at Maastricht University.
To create these solid muscle fibres, the cultivated muscle cells are affixed to a string of sugar molecules (a "scaffold", pictured) and left to grow between two anchor points. This process occurs largely spontaneously.
The cells are left to multiply and then develop into muscle cells (pictured) in a nutritional substance - a "growth medium" - for example algae extract. The cultivated muscle cells bulk up into solid muscle fibres and bundles.
As the muscle cells grow in size, the tissue is continuously supplied with nutrients. For the small, newly formed muscle strands (pictured), this is achieved by regularly changing the growth medium.
The natural consistency of meat must then be recreated by achieving the correct composition of protein and fat tissue. The edible muscle tissue can be ground to create minced meat and, ultimately, a hamburger.
Algae
Algae might be at the bottom of the food chain but it could provide a solution to some the world's most complex problems, including food shortages.
It can feed humans and animals and can be grown in the ocean, a big bonus with land and fresh water in increasingly short supply, say researchers. Many scientists also say the biofuel derived from algae could help reduce the need for fossil fuels.
Some in the sustainable food industry predict algae farming could become the world's biggest cropping industry. It has long been a staple in Asia and countries including Japan have huge farms. Currently there is no large-scale, commercial farm in the UK, says Dr Craig Rose, executive director of the Seaweed Health Foundation.
"Such farms could easily work in the UK and be very successful. The great thing about seaweed is it grows at a phenomenal rate, it's the fastest growing plant on earth. Its use in the UK is going to rise dramatically."
Seaweed
- There are 10,000 types in the world
- UK waters hold about 630 species, but only around 35 have been used in cooking
- Worldwide 145 species of red, brown or green seaweed are used as food
Source: Seaweed Health Foundation
- Like insects, it could be worked into our diet without us really knowing. Scientists at Sheffield Hallam University used seaweed granules to replace salt in bread and processed foods. The granules provide a strong flavour but were low in salt, which is blamed for high blood pressure, strokes and early deaths. They believe the granules could be used to replace salt in supermarket ready meals, sausages and even cheese.
"It's multi-functional," says Gaye. "And many of its properties are only just being explored. It such a big resource that we really haven't tapped into yet."
With 10,000 types of seaweed in the world, including 630 in the UK alone, the taste of each can vary a lot, says Rose.
[end article]
Needless to say, some of these industries will wind up potentially feeding millions of people and as such are a growth industry. As the price of what we consider to be 'staple' items in the West continues to rise, cheaper alternatives will have to be found if the governments in the countries affected wish to stay in power.
Of course, because the distribution system is so uneven, there will still be starving people. After all, we have enough food to feed everyone on the planet, what is lacking is the will. Of course, it's a deadly game, since if every person on the planet was fed, the worlds population would explode at an even faster rate.
Long story short, I think people are going to get used to eating different things in the next few years. However, most people won't notice, since these new foods will be engineered to look and taste like the foods that we are already used to.
Also, I think there is serious investment opportunity in these alternate sources of food. After all, as they say, 'Every city is only 3 days from revolution', since 3 days is about how long society hangs together when the food supply is disrupted. After that, the population will start rioting.
Once this happens, the government concerned will consider anything, even getting 'free' Monsanto GM Soy and Wheat which pollute the environment, reduce yields through over use of pesticides, etc etc.
If someone can figure out how to make a tasty meat substitute from cloned meat or grasshoppers or whatever, the next step will be selling it to the people, since they might feel squeamish eating insects, even if they cant see them.
On the other hand, if the people are starving, i'm sure they won't care.
Christopher Carrion
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