Posted on 03/25/2014 9:38:15 AM PDT by blam
Why Food Prices Are Surging
Matthew Boesler
Mar. 25, 2014, 12:06 PM
Since the beginning of the year, food prices have been on a tear.
In a new report, Morgan Stanley commodities analysts led by Adam Longson attribute the surge in prices to a number of factors, "from weather (in the case of sugar, soybeans and coffee) to disease (in the case of hogs) to geopolitics (wheat and corn)."
The Morgan Stanley analysts don't believe this will continue.
"To date, weather concerns in South America have proven overstated, as evidenced in the recent declines in sugar prices," they say.
"Tensions in the FSU do not appear to have disrupted grain shipments, nor do we expect them to going forward, barring further Russian incursions into Ukraine. Even disease pressures in the U.S. hog herd (though very real) should ease as we move into the warmer months."
(snip)
(Excerpt) Read more at businessinsider.com ...
The ratchet and pawl of incremental inflation. A few years ago there was a bad peanut harvest, peanut butter then doubled in price, and will no doubt ever go back down again.
Yeah i’m making less money now, my taxes are higher, food prices are higher and welfare recipients are getting more benefits. Let’s REALLY discuss fairness...
Once “they” raise a price it never goes back down to where it was. Gas is a fine example.
A few weeks ago, someone on this forum posted an article about Wal-Mart having empty shelves. I had not noticed that at all but a few others agreed with him.
Most people were like me and had not noticed.
I do my grocery shopping mostly at two places. A local supermarket for meat and produce and a Wal-Mart Super Center in Defuniak Springs for frozen food and staples.
Last time I shopped at Wal-Mart, I didn’t notice any empty shelves except for ammunition but I did notice a few things they were out of, and probably for the first time I can ever remember.
I had some coupons for Ore-Ida products and was going to get some Tater Tots but they were out. I have developed a taste for Sams version of Mountain Dew plus their price is quite a bit less but they were out of that too except for diet. They also carry a type of really large shrimp which is better than your average shrimp but they were out of them too tho they did have another brand.
I think there are a few food shortages already. Whether they will get worse or better I do not know.
The problem with EVERY report by every financial company.. about Rising Prices is, they are all LIES and don’t tell you about the Elephant in the room called THEFT BY DILUTION(Inflation), which has been steady at almost 8% since Obama assumed the office.
U.S. borrows a trillion dollars; money enters the economy. Commodities are auctioned; excessive money in the economy allows bidders to bid higher. Prices rise.
If the government would stop borrowing money prices would fall across the board.
I miss really affordable gasoline. Other than a few downs off and on, I can’t see it coming back sane levels.
Exactly true !!
Ever wonder why the two most volitile commodities (food / fuel )have been removed by this adminsitration from the INFLATION INDEX ?
I am sure the Russina and Chinese Bond holders what to know as well .. Ask the administration !!
I was telling my kids yesterday as I was filling up my truck, now $65 buys about 20 gallons, when I was young $20 bought about 60 gallons, what a turn around. It is a crying shame.
Fairness is two-fold, I have busted my arse my whole life and every time I make more money I get shoved into a higher tax bracket and negates any raise I got.
No, because they haven't.
More food dollars chasing fewer food goods. When the government starts handing out EBT cards for paying rent or buying cars or paying for college (oops, they already do that), then you will see prices go up.
The government no longer borrows money. It prints money.
Aren't you concerned about drowning due to Catastrophic Anthropogenic Global Warming?
Economics is the Dismal Science.
I am old enough to remember when we had REAL MONEY, and still carry 2 1921 Silver Dollars in my pocket to remind everyone I come in contact with what has happened to the VALUE of their Dollars. Prices Have not risen at ALL, Your MONEY IS BEING STOLEN from you by Bankers and Government, they call it Inflation, I call it THEFT.
Economics is a science just like Astrology, but Astrology is far more accurate.
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