Food Prices: A Shift in the Past 10 Years

Individual Report
(Food Prices)

 INTRODUCTION
 Discussion of a Food commodity
 The price change Wheat in past 10 years with statistical representation
 The price change of Oil in past 10 years with statistical representation
 Link between price change in Wheat and Oil
 Other factors that are affecting the world food prices of Wheat
 The concept of demand and supply analysis
 The concept of elasticity of demand and supply
 Substitute and complementary commodities or products have impacted on the
price of Wheat
 CONCLUSION

Table of Content

Consumable goods are those products that are provided to customers and
people for consumption and also known as final goods. These products are the
final products and results of manufacturing and production which are used by
consumers to fulfil their daily needs and will be stocking up in store shelf by
making bulk purchases. The examples of these consumer goods are clothes, food
and jewellery. Food industry is evolving and known as highly developing sector
in the market. The evolution and development of the industry brings in price
fluctuation in different products belonging to the sector and creates variation. The
present report is related to the shift taking place from past 10 years or a decade in
food prices and the prices of respective chosen commodity that is wheat.
Introduction

Discussion of a Food commodity
The chosen Food commodity for the
entire project is wheat one of the
basic food product which is used by
all different people belonging to
different communities, region and
places around the globe. Wheat is a
nutritious food source and a green
which is grown in variety of
different climates and soils.