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Strained by rising demand and battered by bad weather, the global food supply chain is stretched to the limit, sending prices soaring and sparking concerns about a repeat of food riots last seen three years ago. Signs of the strain can be found from Australia to Argentina, Canada to Russia.
-"We are entering a danger territory," Abdolreza Abbassian, chief economist at the U.N.'s Food and Agriculture Organization (FAO), said last week.
-As supplies tighten, prices surge. Earlier this month, the FAO said its food price index jumped 32 percent in the second half of 2010, soaring past the previous record set in 2008.
-"I haven't seen numbers this low that I can remember in the last 20 or 30 years," said Dennis Conley, an agricultural economist at the University of Nebraska. "We are at record low stocks. So if there any kind of glitch at all in the U.S. weather, supplies are going to remain tighter and we might see even higher prices."
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Higher oil prices are also pushing up the cost of food — in two ways. First, the added shipping cost raises the delivered price of agricultural products. Higher oil prices also divert more crops like corn and soybeans to biofuel production, further tightening supplies for livestock feed and human consumption.
Originally posted by boondock-saint
and this right here is one of the
main reasons why TPTB want
population control.
Not enough resources
for the existing population
Originally posted by boondock-saint
just noticed yesterday in the supermarket
that I frequent.
Oreo double stuff usually runs about $3.59
yesterday a package was $4.39
Nutter Butters had went up just about the same amount.
A bag of Doritos normally run $3.49
went up to $4.49 (a whole dollar)
the signs are in the air folks
Originally posted by antar
reply to post by AllSeeingI
Da da da da!!! In comes Monsanto GMO foods! Why they can grow enough food to feed an entire country on just 100, 000 acres or less!
.... you can also take advantage of the superscription medications that were naturally derived from the waste of the Chinese based factories which employed millions of starving children!
Originally posted by Kangaruex4Ewe
I am looking for Ramen Noodles to be traded like gold in the next 6 months. It's ridiculous.
Originally posted by SaturnFX
I see what you mean, but next time, price out things like potatos, rice, etc...
I can live without pringles (but..can it truely be called living..hmm)
Originally posted by boondock-saint
just noticed yesterday in the supermarket
that I frequent.
Oreo double stuff usually runs about $3.59
yesterday a package was $4.39
Nutter Butters had went up just about the same amount.
A bag of Doritos normally run $3.49
went up to $4.49 (a whole dollar)
the signs are in the air folks