Food Prices Spiking -
LinkBack Thread Tools
post #1 of 2 (permalink) Old Aug 9th, 2012, 02:18 PM Thread Starter
Senior Member
Join Date: Oct 2004
Posts: 8,391
Food Prices Spiking

UN agency: Global food prices up sharply in July

ROME — International food prices rose sharply in July after three months of decline, driven by a spike in grain and sugar prices, a United Nations report said Thursday.

Severe drought gripping the U.S. Midwest has sent corn prices soaring by almost 23 percent and expectations of worsened crop prospects in Russia because of dry weather sent world wheat prices up 19 percent.

The United States is the world's No. 1 exporter of corn, soybeans and wheat and the price hikes are expected to be felt across the international marketplace, hurting poor food-importing countries, said a study by British charity Oxfam issued on the eve of the U.N. report.

There's very little that I agree with Fidel Castro on. However a few years ago he went on a tear about how using food like corn to make ethanol for automobiles was an assault on poor people. And he was absolutely right.

First of all, I think that ethanol is a dumb idea but it's even dumber when you take one of the basic food staples to make it. And does it really make gasoline prices that much cheaper? I think not.

And frankly if the US government did not subsidize ethanol, it would fall of its own weight.

For Dante, it follows then, that the only way to get into Hell is to insist upon it. One must deliberately exclude himself from grace by hardening his heart against it. Hell is what the damned have actively and insistently wished for.

The man that hath no music in himself, nor is not moved with concord of sweet sounds is fit for treasons, stratagems and spoils. The motions of his spirit are dull as night and his affections dark as Erebus. Let no such man be trusted. Shakespeare
HippityHop is offline  
Sponsored Links
post #2 of 2 (permalink) Old Aug 9th, 2012, 02:20 PM
Senior Member
Super Dave's Avatar
Join Date: Dec 2005
Posts: 32,586
Re: Food Prices Spiking

Hottest July ever here; hotter than the famous 1936 summer

Elena Baltacha 1983-2014
Super Dave is offline  

Quick Reply

Register Now

In order to be able to post messages on the forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page

Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome