USA - 40% Jump In Food Prices Anticipated

[OneWolf]

Food commodity prices will increase more than previously expected in the next decade because of rising energy prices and developing countries’ rapid growth, two leading organisations said on Tuesday, worsening the outlook for global food security.
“A return to higher global economic growth . . .  together with continuing population gains, are expected to increase demand and trade and underpin prices,” the United Nations’ Food and Agriculture Organisation and the Organisation for Economic Co-operation and Development said in their annual agricultural outlook.

Higher crude oil prices would add force to rising agricultural commodities prices, particularly in those regions – including Europe and the US – where energy inputs such as fertilisers were used intensively, said the report.

For the next 10 years the FAO and OECD forecast that significant food prices, with the exception of pork, would remain above the 1996-2007 average, in both nominal and real terms – adjusted for inflation. Although prices were unlikely to surge back to the record levels of early 2008, they warned that “if history is any guide, further episodes of strong price fluctuations . . . cannot be ruled out, nor can future short-lived crises”...

http://www.meattradenewsdaily.co.uk/...isipated_.aspx



I thought all this illegal immigration was supposed to keep the price of food
and manufacturing goods down?I think not.

[Eburos]

I wonder if this increase in food pricing might cause the USA to start relocating welfare recipients to Antarctica!

[Æmeric]

Food prices will increase by at least a 100%. The actual amount of physical money was doubled during the banking crisis. The banks have been holding that new cash but when it starts circulating prices will go up accordingly.

[frippardthree]

I wonder if this increase in food pricing might cause the USA to start relocating welfare recipients to Antarctica!

At this point that's not such a bad idea!

[Huginn ok Muninn]

At this point that's not such a bad idea!

Why ruin Antarctica?

[Neophyte]

Why ruin Antarctica?

Yes, I too am concerned about what such a change in dietary habits would do to the polar bear population. They are after all white. Poor bears.

[Eburos]

Yes, I too am concerned about what such a change in dietary habits would do to the polar bear population. They are after all white. Poor bears.

2-tone penguins you mean!
Hell, why not bury them in Hanford with the rest of the nuclear waste!

[Roemertreu]

Food prices will increase by at least a 100%. The actual amount of physical money was doubled during the banking crisis. The banks have been holding that new cash but when it starts circulating prices will go up accordingly.

Partially the money supply, but also environmental regulation and oil prices. The price of gas is going to shoot up when the oil companies have to pay for the gulf clean up and the "green economy" -- those come right out of pockets of gas buyers, and if gas costs $4 a gallon, food prices will go up massively.

[Eburos]

Partially the money supply, but also environmental regulation and oil prices. The price of gas is going to shoot up when the oil companies have to pay for the gulf clean up and the "green economy" -- those come right out of pockets of gas buyers, and if gas costs $4 a gallon, food prices will go up massively.

It's already close to $4 a gallon here.
I have wondered why the price of fuel has not gone up already with such a large amount of oil wasted to the ocean.
This further convinces me that the oil prices are artificially controlled by the oil companies themselves and not the supply vs. world demand.

It seems to me that BP is going to take this one on the chin and we will not see a price increase in oil prices.