Showing posts with label food prices skyrocketing. Show all posts
Showing posts with label food prices skyrocketing. Show all posts
Tuesday, October 9, 2012
Tuesday, August 14, 2012
Food Prices to Skyrocket in Coming Food Crisis
You don't have to be survivalist or a doomsdayer to recognize the practicality in having some food stored away for a rainy day. In fact, it's simply becoming common sense to have a certain amount of bulk food storage in your house.
But these days, with record droughts ravaging the bread basket of America coupled with runaway money printing by the Fed, food inflation is creating a dangerous scenario but also a fantastic investment opportunity for average folks.
During times of economic uncertainty it can be especially difficult to determine a safe place to protect your savings. Countless financial advisers offer advice on asset protection and other ways to keep your nest egg performing slightly above inflation. However, many of these strategies involve paper investments that come with risks.
Monday, August 13, 2012
How Bulk Food Storage Can Make You an 80% Return in the Coming Food Crisis
You don't have to be survivalist or a doomsdayer to recognize the practicality in having some food stored away for a rainy day. In fact, it's simply becoming common sense to have a certain amount of bulk food storage in your house.
But these days, with record droughts ravaging the bread basket of America coupled with runaway money printing by the Fed, food inflation is creating a fantastic investment opportunity for average folks.
During times of economic uncertainty it can be especially difficult to determine a safe place to protect your savings. Countless financial advisers offer advice on asset protection and other ways to keep your nest egg performing slightly above inflation. However, many of these strategies involve paper investments that come with risks.
Friday, May 27, 2011
Monday, April 25, 2011
Monday, April 11, 2011
Thursday, December 2, 2010
CHART OF THE DAY: Global Food Prices About To Break An All Time High
Gregory White
Business Insider
Inflation in emerging markets is hitting food prices hard, and now we have raw data from the UN to confirm.
The latest report from the UN Food and Agricultural Organization shows prices are back at 2008 levels, and have increased for five months in a row.
Read Full Article Here
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Business Insider
Inflation in emerging markets is hitting food prices hard, and now we have raw data from the UN to confirm.
The latest report from the UN Food and Agricultural Organization shows prices are back at 2008 levels, and have increased for five months in a row.
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Thursday, November 25, 2010
New Food Crisis Looms
 |
| Food Aid Pakistan -Athar Hussain/Reuters |
Council on Foreign Relations
The world experienced a major food crisis in 2008 that led to civil and political unrest from Bangladesh to Haiti and added millions more to those suffering from malnutrition. Though prices have dropped somewhat, some analysts say the crisis never totally ended. With prices rising dramatically in 2010, the world could be on the brink of a new crisis.
While food prices remain below their 2008 highs, "they're a lot higher than they were before 'the food crisis of 2008' took hold," says financial journalist Addison Wiggin (Forbes), noting that wheat, corn, and sugar prices are up more than 50 percent since the beginning of the year. Farm commodity expert Don Coxe argues the first major crop failure in 2011 is all that's needed to "have a full-blown food crisis," one potentially worse than 2008.
In a November report last week, the UN's Food and Agriculture Organization (FAO) sounded the alarm over skyrocketing food prices, predicting the world's food import bill (PDF) could be more than $1 trillion in 2010. The FAO says that food stocks are high enough to avert a new crisis but that predictions that cereal yields in chief producing countries will decrease in the coming year are driving prices up much faster than they rose in 2008.
The report notes countries such as Pakistan, devastated by flooding this summer, and many least-developed countries are expected to feel rising food prices the most; it argues more should be done to understand the implications of commodity market speculation on food prices. "A key lesson of 2008 is that volatile global financial markets can result in food commodity price speculation that has dire consequences for the world's poorest," notes CFR's Laurie Garrett. But others say that it was export restrictions, panic buying, and hoarding (JakartaPost) that precipitated the 2008 crisis.
As global food demand increases, experts say more should be done to bolster agriculture production in least- developed countries and reduce agriculture trade barriers. "Looking beyond the immediate crisis, the United States and other developed countries must renew long-neglected investments in agriculture.
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Wednesday, November 17, 2010
The Food Inflation Nightmare Is About To Hit 40% Of The World's Population
 |
| Waverly Advisors |
Business Insider
Overnight, the threat of further Chinese tightening multiplied as a result of food price inflation. A basket of 18 key vegetables saw their prices increase by 62.4%, year-over-year, in the first 10 days of November.
But just how likely is Chinese tightening?
Waverly Advisors feel that it is now a near certainty, based on the political realities within China.
The fact that Premier Wen Jiabo chose a supermarket as the location for a press appearance to comment on anti-inflationary measures today indicated how seriously Beijing is taking the potential disruptive impact of rising cost at the cash register.
But this isn't just a Chinese problem. 40% of the world's population, found in China, India, and Brazil, is seeing their food prices skyrocket as a result of price inflation. Note India's has actually decreased, but remains close to double digit territory.
Here are the 25 countries that will get slammed in a food crisis
RELATED ARTICLE:
The 5 Best Countries to Escape America's Decline
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Thursday, November 4, 2010
FAO food price index hits 27-months high
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| U.N. Food and Agriculture Organization |
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Tuesday, November 2, 2010
Rocketing food prices spark fear of more global chaos
China.org
My mother-in-law loves to talk. She will spend hours on the telephone informing me about every last detail of her day's activities, no matter how unimportant or trivial. My ears pricked up however when her latest whinge was about the rising price of her weekly shopping bill. "Tomatoes, bread, sugar and meat have all doubled in price in the last few weeks," she exclaimed dramatically. With this year's extreme and hostile weather, which destroyed the harvests in Russia and Pakistan, the cost of vegetables and other staple foods have reached a two-year high in many places – with rice and sugar reaching a record high. This stark increase in the cost of food is not only ruffling the feathers of my mother-in-law and her supermarket cronies, but also many food experts who are predicting that the increasing prices could ignite further political turmoil.
According to the Reuters-Jefferies commodity price indicator, not only has the price of meat recently reached a 20-year high, but the cost of wheat and maize throughout the globe has jumped a whopping 30 percent. Garlic in China, bread in Pakistan and tomatoes in Egypt are also at record highs, as the devastating affects of this year's unpredictable weather pulsates across the globe.
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Tuesday, October 26, 2010
Global food crisis forecast as prices reach record highs
Cost of meat, sugar, rice, wheat and maize soars as World Bank predicts five years of price volatility
John Vidal
Guardian
Rising food prices and shortages could cause instability in many countries as the cost of staple foods and vegetables reached their highest levels in two years, with scientists predicting further widespread droughts and floods.
Although food stocks are generally good despite much of this year's harvests being wiped out in Pakistan and Russia, sugar and rice remain at a record price.
Global wheat and maize prices recently jumped nearly 30% in a few weeks while meat prices are at 20-year highs, according to the key Reuters-Jefferies commodity price indicator. Last week, the US predicted that global wheat harvests would be 30m tonnes lower than last year, a 5.5% fall. Meanwhile, the price of tomatoes in Egypt, garlic in China and bread in Pakistan are at near-record levels.
"The situation has deteriorated since September," said Abdolreza Abbassian of the UN food and agriculture organisation. "In the last few weeks there have been signs we are heading the same way as in 2008.
"We may not get to the prices of 2008 but this time they could stay high much longer."
However, opinions are sharply divided over whether these prices signal a world food crisis like the one in 2008 that helped cause riots in 25 countries, or simply reflect volatility in global commodity markets as countries claw their way through recession.
"A food crisis on the scale of two or three years ago is not imminent, but the underlying causes [of what happened then] are still there," said Chris Leather, Oxfam's food policy adviser.
"Prices are volatile and there is a lot of nervousness in the market. There are big differences between now and 2008. Harvests are generally better, global food stocks are better."
Read Full Article
RELATED ARTICLES:
Banksters Inflate Speculative Food Bubble, UN Offers Global Governance Solution
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Live Superfoods It is time to Wake Up! You too, can join the "Global Political Awakening"!
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Guardian
Rising food prices and shortages could cause instability in many countries as the cost of staple foods and vegetables reached their highest levels in two years, with scientists predicting further widespread droughts and floods.
Although food stocks are generally good despite much of this year's harvests being wiped out in Pakistan and Russia, sugar and rice remain at a record price.
Global wheat and maize prices recently jumped nearly 30% in a few weeks while meat prices are at 20-year highs, according to the key Reuters-Jefferies commodity price indicator. Last week, the US predicted that global wheat harvests would be 30m tonnes lower than last year, a 5.5% fall. Meanwhile, the price of tomatoes in Egypt, garlic in China and bread in Pakistan are at near-record levels.
"The situation has deteriorated since September," said Abdolreza Abbassian of the UN food and agriculture organisation. "In the last few weeks there have been signs we are heading the same way as in 2008.
"We may not get to the prices of 2008 but this time they could stay high much longer."
However, opinions are sharply divided over whether these prices signal a world food crisis like the one in 2008 that helped cause riots in 25 countries, or simply reflect volatility in global commodity markets as countries claw their way through recession.
"A food crisis on the scale of two or three years ago is not imminent, but the underlying causes [of what happened then] are still there," said Chris Leather, Oxfam's food policy adviser.
"Prices are volatile and there is a lot of nervousness in the market. There are big differences between now and 2008. Harvests are generally better, global food stocks are better."
Read Full Article
RELATED ARTICLES:
Banksters Inflate Speculative Food Bubble, UN Offers Global Governance Solution
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Monday, October 11, 2010
Inflation to Make All Americans Billionaires by 2020
One of the Federal Reserve’s original stated purposes was to manage the nation’s money supply through monetary policy that provides for stable prices without inflation or deflation. Shocking just about the whole world except for NIA members, the Federal Reserve this past week shifted its purpose from being an inflation fighter to now being an inflation advocate. Charles Evans, President of the Federal Reserve Bank of Chicago, is now saying that inflation in the U.S. is too low and the Federal Reserve needs to publicly declare a new goal of having inflation that is much higher than its informal 2% target. William Dudley, President of the New York Federal Reserve, is calling current low levels of U.S. inflation “a problem” because “it means slower nominal income growth”.
Dudley believes “slower nominal income growth” is unacceptable because it “means that less of the needed adjustment in household debt-to-income ratios will come from rising incomes. This puts more of the adjustment burden on paying down debt.” In other words, he wants to monetize our debts by printing so much money that all Americans are earning enough income to pay back their debts. NIA fears that one of the unintended consequences of such a policy will be an insurmountable currency crisis; this will lead to a U.S. societal collapse with class warfare, millions of Americans starving to death, and a return to a barter based system that will last until we can come up with a new form of workable government based on sound money that is backed by gold and silver.
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