Saturday, September 4, 2010
Rising Food Prices...... GOT FOOD?
I have been doing some reading and found a litte info, I know there is a lot more out there and we can all see the cost of food going up. But just how high will it go?
Rising food prices may start with seeds
March 11, 2010 | By P.J. Huffstutter
For 40 years, farmer Todd Leake and his family have battled bitter cold, hungry pests and a short growing season to coax soybeans out of their fields in eastern North Dakota. The one thing they never had to fight for, though, was their seeds. A decade ago, salesmen from as many as 50 seed companies would compete for their dollars. Each would promise healthier plants, richer yields or a better discount. Today the Leakes have little choice: There are four seed companies in their area, and all sell seeds that include genetic traits patented and licensed by Monsanto Co., the world's largest seed firm.
Russia's wheat woes could hit U.S. grocery shelves
August 6, 2010 | By P.J. Huffstutter and Sergei L. Loiko, Los Angeles Times
The price of America's daily bread and meat could soar this fall, as surging wheat prices in anticipation of a Russian ban on exports stoked fears about tight supplies. Grain shortages and food price hikes in 2007 and 2008 sparked riots worldwide, but agriculture analysts said the U.S. wheat crop has been strong, and that stockpiles of wheat and other grains worldwide are greater now than they were three years ago. According to media reports, U.S. farmers have rushed to put out millions of bushels of wheat to bolster worldwide inventories.
Global wheat production expected to drop 4%
August 5, 2010 | By Bloomberg News
Wheat rose to a 23-month high in Chicago as Russia, the world's third-biggest grower, banned exports because of the country's worst drought in at least a half-century. Halting shipments would be "appropriate" to contain domestic prices that jumped 19 percent last week, faster than at the peak of the global food crisis in 2008, Russian Prime Minister Vladimir Putin said in Moscow. A government decree signed today bans exports of wheat, barley, rye, corn and flour from Aug. 15 to Dec. 31. "As of today, Russia has no grain market," said Kirill Podolsky, the chief executive officer of Valars Group, the country's third-biggest grain trader.
Food prices rising, but no shortage in U.S. @ MSNBC
UN calls meeting on rising food prices @ boston.com