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.
- RT @JaysonLusk: Our paper showing 17% increase in corn yields as result of GMOs is now up at NBER nber.org/papers/w23519#… @nphendricks 21 minutes ago
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