When Nestlé's chairman speaks out, I try to listen and tend to agree. Recently, Peter Brabeck talked to The Financial Times and many of his remarks bear repeating.
"Food prices will continue to increase, because the demand – even during this crisis – will be in 2009 about 3-4% higher than last year."
"It is absolutely unacceptable that we're using food for biofuels. We need 9,100 litres of water to produce one litre of pure diesel. This is not sustainable."
"[If we continue to treat water as] a commodity without any price, the world will run out of water long before we [run out] of oil."
"93% of all water consumption is in agriculture and, as water has no price, there is no economic incentive to improve the productivity."
"60% of fresh water … we are losing due to insufficient infrastructure."
"If you look at state deficits being created just now, there's no short way out of this crisis."
"All macro-economic decisions which are being taken will lead us to inflation."
"I'm not so sure Europe would have allowed this acquisition."
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