Soaring Prices Threaten New Food Crisis

[k0xxx]

I came across these articles and thought that I'd pass them along. They're especially telling in light of the recent dearly departed thread on Government assurances that all is well in the global food supply.

I don't anticipate food shortages in the US anytime soon, but prices will probably be going up more than they have been. The Bloomberg article mentions that wheat futures have increased 52% in the last year. That's a heck of an increase.

Soaring Prices Threaten New Food Crisis

Corn, Soybeans, Wheat Surge by Exchange Limits as U.S. Cuts Supply Outlook

 

[i_am2bz]

I've also noticed that gas has gone up 10-15 cents locally, too - that can't help with food prices...

I've only seen one bright spot - Campbells lowered their prices on soups (there was an article in the local paper about it), at Walley World a can is $1 now...& apples are $1/lb...

 

[ksalvagno]

I know sugar has gone up 30% in our area. DH keeps track of certain foods to see if prices are going up. So far flour has stayed the same. Rice has also gone up but can't remember by how much.

 

[Mackay]

I just purchased onions at 16 cents a pound and 25 pounds of flour for $6.99 ... didn't even need the onions but at that price who can refuse.

At winco flour is up to 40 cents a pound last I looked a couple months ago... really, this is a good time to stock flour. Hopefully the prices will be down by the next time you need to purchase.

We will be having lots of onion soup this winter I guess.

Fred Meyers is having a sale on progresso soups. $1 a can this week... you need a coupon.

 

[On Our own]

Another perspective...

http://www.chrismartenson.com/forum/usda-corn-shocker/46148


Also good site in general.

 

[Wifezilla]

Almond meal went from 2.86/lb to 3. The size of frozen veggie bags went from 16oz down to 12oz and the price is the same or higher than it used to be before the shrink.

 

[On Our own]

Fuel in our area went up .20 to .25 cents this week.

 

[PamsPride]

Yeah, fuel went up .20 to .25 a gallon here too!

I am hoping that my canning this year will off set some of the rising food prices.

 

[k0xxx]

Corn prices are indeed up also. I've always been uneasy with growing food, and then turning it into fuel for cars, and now I see where a company is making kitty litter out of corn now. Yeesh! Well, I mean, if you got really desperate...., uh, never mind.

 

[Wifezilla]

Just got done reading the FT article. I think Koxx has been reading crop reports since last year (at least) and so have I. The numbers didn't sound right and now it looks like the truth is coming out.

Is this year's harvest a disappointment or were the last year's numbers just a bunch of smoke and mirrors? Or both?

I need to buy some extra bags of feed on Wednesday