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Mastering the Commodities Markets by Francesca Taylor

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POPULATION PRESSURES

Are we correct to treat water as a commodity? It is a scarce but also a renewable resource – just not immediately. Is it similar to oil and copper, or poultry and wheat? Water in the context of this book is water that can be used for human consumption whether it is for drinking, or agriculture, or to a lesser extent industry or even power generation.

With a population of over 7 billion people on the planet, water is in demand; the agriculture industry and its consumption of water for the production of meat and vegetables is rising, and there is increasing competition for water from biofuel crops. As the population becomes richer less cereals will be eaten and more meat will be required. The production of meat is very water ...

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