Would You Like Superfries With That?

We're number one, baby. Economic Times, India Nov 10, 2007 No country in the world today can match USA as a depreciating dollar makes Uncle Sam shahenshah of the global food marketplace. Certainly there are several macro factors why US food exports have spurted. Rising incomes world-wide, in conjunction with a high propensity for consumers to spend that income on food, have helped spur a 50% increase in global food trade in just five years (2001-05). Young, healthy and wealthy consumers in developing countries are willing to spend far more than their parents on food that is more processed and travelled over longer distances. That has altered the direction of global food trade, making China, Mexico and Asia the hot destinations for US exports. Emerging markets have increased their share of US exports from 30% during the early 1990s to 43% in 2006. FULL PLATE...