Food Price Rise: here it comes

So all the reassurances about there being no repeat of the 2008 food price scare were not accurate after all.  The USDA reports a steep rise in the price of corn, wheat and soybeans fueled partly by shortfalls in production at home and globally (mainly due to weather factors in Russia and other countries), and rising demand for grains in surging economies like India and China. It is only a matter of time before consumers start seeing this price rise in the grocery stores as the impact trickles down.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s