The cost of progress

In the western world food has never been as cheap as it is today and people just take it for granted. Here the impact of a wheat price increase on a loaf of bread is far less than in developing countries. Of our bread only a small fraction of the price is determined by the wheat content. Processing, logistics and retail margins are the main price ingredients of a loaf. This is in contrast to developing countries where wheat is a primary food ingredient and when the government raises the p