Get Ready: Experts Project 2010 Will Be A Year When Food Prices Dramatically Increase
According to the most recently released data, it looks like food prices will experience a dramatic increase in 2010. For example, a new Bloomberg survey of importers, exporters and analysts indicates that the price of rice may experience a 63 percent increase in the coming year.
Not only that, the U.S. government is projecting that the price of nonfat dry milk could jump by up to 39 percent in 2010. In addition, JPMorgan Chase is forecasting a 25 percent rise in the price of sugar.
So what does all of this mean?
Just think about how many foods contain either rice, milk or sugar.
If the price increases that are projected by these experts hold up, that means that all food products that contain rice, milk or sugar will dramatically increase in 2010.
For families on a budget (or that are already breaking their budgets) that is really, really bad news.
The truth is that hard times are coming.
In fact, they are almost here.
There is a reason why millions of people are building up an emergency food supply.
Unfortunately, for millions in developing nations already on the edge of starvation, building up a supply of emergency food is not an option.
So what is going to happen to them when food prices skyrocket in 2010?
What is going to happen is that we will probably see more food riots like we did in 2008.
In fact, they may be far worse than 2008.
Don't let your family be caught unprepared. Now is the time to get ready for 2010.