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Grain prices soar globally (Governments Curb Exports, Fight Theft)
CS Monitor ^ | 03/27/08 | Daniel Ten Kate

Posted on 03/31/2008 3:22:27 AM PDT by TigerLikesRooster

Grain prices soar globally

Rice shortages are appearing across Asia. In Egypt, the Army is now baking bread to curb food riots.

By Daniel Ten Kate | Correspondent of The Christian Science Monitor from the March 27, 2008 edition

Bangkok, Thailand - - Rice farmers here are staying awake in shifts at night to guard their fields from thieves. In Peru, shortages of wheat flour are prompting the military to make bread with potato flour, a native crop. In Egypt, Cameroon, and Burkina Faso food riots have broken out in the past week.

Around the world, governments and aid groups are grappling with the escalating cost of basic grains. In December, 37 countries faced a food crisis, reports the UN Food and Agricultural Organization (FAO), and 20 nations had imposed some form of food-price controls.

In Asia, where rice is on every plate, prices are shooting up almost daily. Premium Thai fragrant rice now costs $900 per ton, a nearly 30 percent rise from a month ago.

Exporters say the price could eclipse $1,000 per ton by June. Similarly, prices of white rice have climbed about 50 percent since January to $600 per ton and are projected to jump another 40 percent to $800 per ton in April.

(Excerpt) Read more at csmonitor.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: bread; corn; exportcontrol; food; grain; marines; price; prices

1 posted on 03/31/2008 3:22:29 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; Uncle Ike; RSmithOpt; jiggyboy; 2banana; Travis McGee; OwenKellogg; 31R1O; ...

Ping!


2 posted on 03/31/2008 3:23:02 AM PDT by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: TigerLikesRooster

bump


3 posted on 03/31/2008 3:33:27 AM PDT by Texas Jack
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To: TigerLikesRooster

” In Egypt, Cameroon, and Burkina Faso food riots have broken out in the past week “

Thinking “It can’t happen here”?

Think again.....


4 posted on 03/31/2008 3:43:50 AM PDT by Uncle Ike (Sometimes I sets and thinks, and sometimes I jus' sets.........)
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To: Uncle Ike
Hate to watch Obama or Hitlery yammering on TV when that happens.
5 posted on 03/31/2008 3:58:28 AM PDT by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: TigerLikesRooster

Gee, as the central banks increase the money supply (inject liquidity) prices of most everything go up.

Could there be a connection?


6 posted on 03/31/2008 4:02:23 AM PDT by preacher (A government which robs from Peter to pay Paul will always have the support of Paul.)
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To: TigerLikesRooster

” Hate to watch Obama or Hitlery yammering on TV when that happens “

The ‘yammering’ will be the least of it — I’m gonna hate it when we have gummint takeover of agriculture and food distribution — rationing, long bread lines, and ‘5-year plans’ could well be in our future......

(And, sadly, the sheeple will demand it — those who are ignorant of history are doomed to repeat it...)


7 posted on 03/31/2008 4:05:10 AM PDT by Uncle Ike (Sometimes I sets and thinks, and sometimes I jus' sets.........)
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To: TigerLikesRooster

Commodity prices for livestock topped out in January, grains topped out at the end of February, and cocoa and coffee topped out in early March. But, milk and egg prices are hitting new highs.


8 posted on 03/31/2008 4:09:08 AM PDT by oblomov
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To: preacher
Fed is working hard to shrink our debts at the expense of making our grocery bills sky-high.
9 posted on 03/31/2008 4:09:38 AM PDT by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: preacher

Actually the Fed is draining, lower interest rates and new credit facilities notwithstanding.


10 posted on 03/31/2008 4:10:06 AM PDT by oblomov
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To: TigerLikesRooster

Thank goodness we’re burning our grain supply in our autos.

BTW, despite record commodity prices, the House and Senate last week approved a record $26 billion dollar five year farm bill.


11 posted on 03/31/2008 4:25:09 AM PDT by Jacquerie (Lower a carbon footprint - kill a terrorist.)
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To: TigerLikesRooster

So, what’s the reason for these price hikes and shortages?

Hunger will cause people to do bad things. Is there a coordinated effort to cause global strife?


12 posted on 03/31/2008 4:32:29 AM PDT by wolfcreek (I see miles and miles of Texas....let's keep it that way.)
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To: wolfcreek
Not really. Big money going for the last bubble(commodities,) India and China buying more, rising cost of farming(due to rising oil price,) feel-good ethanol projects.

Just (un)lucky convergence.

13 posted on 03/31/2008 4:37:59 AM PDT by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: TigerLikesRooster

In the case of U.S., you can add “sinking dollar” to the list.


14 posted on 03/31/2008 4:40:13 AM PDT by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: Uncle Ike

If the pending trucker strike I keep hearing about happens- things could get interesting in the very near future.


15 posted on 03/31/2008 4:58:00 AM PDT by TheBattman (LORD God, please give us a Christian Patriot with a backbone for President in 08, Amen.)
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To: TigerLikesRooster

“Just (un)lucky convergence.”

Unlucky or not, past events of this nature have caused major problems.

Trouble is, the *policy* makers know this yet, carry on with business as usual.


16 posted on 03/31/2008 5:07:52 AM PDT by wolfcreek (I see miles and miles of Texas....let's keep it that way.)
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To: TheBattman; TigerLikesRooster

” If the pending trucker strike I keep hearing about happens- things could get interesting in the very near future. “

A truckers’ strike would be serious, in the short-term — the reports I’ve been seeing about independent owner-operators parking their trucks and going out of business might have catastrophic long-term implications......

Food getting more expensive, added to fewer companies actually doing food transportation, added to transportation costs getting more expensive as the remaining trucking companies gain pricing power — a recipe for catastrophe...

Urban areas might not be a fun - or healthy - place to live, in the near-to-mid future......


17 posted on 03/31/2008 5:08:58 AM PDT by Uncle Ike (Sometimes I sets and thinks, and sometimes I jus' sets.........)
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To: wolfcreek

>Is there a coordinated effort to cause global strife?<

Makes sense to me. There seems to be some sort of coordinated effort by our people in power to bring down our own country.

It doesn’t seem that far fetched to me.


18 posted on 03/31/2008 5:20:39 AM PDT by Califreak (Hangin' with Hunter-under the bus "Dread and Circuses")
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To: TigerLikesRooster

Not good old Uncle Sap. The USDA was notified by private exporters that they will be shipping out almost 400 metric tons of corn next year...when our food prices are inflating by the week because of the shortage of corn.
Something has got to change soon.


19 posted on 03/31/2008 5:28:20 AM PDT by kittymyrib
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To: kittymyrib

Make that 400 THOUSAND metric tons of corn...not enough coffee this morning.


20 posted on 03/31/2008 5:29:36 AM PDT by kittymyrib
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To: Uncle Ike
And, sadly, the sheeple will demand it...

Exactly what will happen. If this country elects Obama, or Hillary, we will get exactly what the majority have begged for. We will have sold our birth right for a bowl of lentils.

21 posted on 03/31/2008 5:34:15 AM PDT by Obadiah
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To: TigerLikesRooster

The hops shortage wasn’t bad enough—here’s another opportunity to crank up the beer prices again/yet!!!!!


22 posted on 03/31/2008 5:37:38 AM PDT by gunnyg
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To: Jacquerie

We should end both the farm subsidies (that drive up prices and government spending) and ethanol subsidies (drive up prices).


23 posted on 03/31/2008 5:49:05 AM PDT by tbw2 ("Sirat: Through the Fires of Hell" by Tamara Wilhite - on amazon.com)
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To: kittymyrib

So exports will be down then?400 thousand tons equals 15.7 million bushels.We expect to export 24.5 million bushels this year if the USDA figures hold up.


24 posted on 03/31/2008 5:49:17 AM PDT by Farmer Dean (168 grains of instant conflict resolution)
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To: TigerLikesRooster
Wheat has continued lower since the double-top a few weeks ago.

As has Soybeans...

While corn has rebounded...

Essentially, because of crude linkages from the madness of Ethanol...

Note: The above are all live data

25 posted on 03/31/2008 5:50:38 AM PDT by montag813
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To: TigerLikesRooster; ex-Texan
On Tuesday (April 1st, 2008) a number of interstate/instate truck drivers, who are paying far more for fuel than motorists, have stated they will stage a one day strike and that's just for starters.

In addition to soaring grain commodity prices, supermarket prices could get a lot more expensive contingent on truckers strikes expanding.

Even if the Fed continues printing billions & trillions of inflated dollars, it will not resolve mounting food prices.

26 posted on 03/31/2008 6:13:21 AM PDT by M. Espinola (Freedom is not 'free'.)
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To: Uncle Ike

“A truckers’ strike would be serious, in the short-term — the reports I’ve been seeing about independent owner-operators parking their trucks and going out of business might have catastrophic long-term implications......”

We’ll just get the Mexican truckers to do it.......


27 posted on 03/31/2008 6:19:31 AM PDT by headstamp 2 (Been here before)
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To: Jacquerie

I didn’t realize we used the whole kernel of corn to make ethanol. I thought only the sugars in corn were needed.


28 posted on 03/31/2008 7:54:26 AM PDT by Free Vulcan (No prisoners. No mercy.)
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To: montag813

Here are today’s prices paid to the farmer in Nebraska - don’t know who gets the CBD prices.

http://www.ams.usda.gov/mnreports/WH_GR111.txt


29 posted on 03/31/2008 5:42:14 PM PDT by Western Phil
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To: TigerLikesRooster

Yeah, you left out the massive crop failures in europe and elsewhere last year. I think I read china had some major crop failures too, due to cold weather. But those were more recent. It’s kind of a sick twisted logic, but pushing massive ethanol production might be the best way to get people to overthrow oppressive governments. When they’ve been hungry for awhile, they might get grumpy enough to tell their leaders to stuff it.


30 posted on 03/31/2008 6:02:17 PM PDT by mamelukesabre (Quantum materiae materietur marmota monax si marmota monax materiam possit materiari?)
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To: Jacquerie
"BTW, despite record commodity prices, the House and Senate last week approved a record $26 billion dollar five year farm bill."

Have you looked at the bill close enough to know the percentage which is FOOD STAMPS ?

31 posted on 03/31/2008 6:18:23 PM PDT by Dust in the Wind (Fund A Red Meat Eatery Regularly)
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