Wheat, fertilizers, what’s next? Plain old water would appear to merit greater attention
While all the recent talk has been about the rising price of soft commodities, notably wheat, an even greater problem surely surrounds the worldwide shortage of potable water. Although the world isn’t short of water per se (annual human and animal consumption is much less than 1% of the world’s total water supply) the world does appear to be running short of clean affordable drinking water.
AIM quoted Modern Water (AIM: MWG) owns and develops a portfolio of water technologies that helps address the global problems of fresh water availability and the treatment and disposal of wastewater.
The Group was admitted to AIM in June 2007 raising £30m at a price of 119p per share. Having fallen as low as 28.5p at the beginning of February 2009, the share price currently stands at 67p. The Group’s web site (http://www.modernwater.com) hammers home the point, stating that annual water consumption around the world has risen sixfold during the past century, twice the rate of population growth. By 2025 it is estimated that two-thirds of the world’s population, will live in countries that are water stressed. The Group currently has 3 sector focuses encompassing desalination, industrial applications and waste water.…