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Wednesday, 02/27/2008 12:46:50 AM

Wednesday, February 27, 2008 12:46:50 AM

Post# of 10237
In support of NTRZ and SUWN, and FEED

A scary piece from a site I will paste at the end.

"the surge in demand for agrofuels such as ethanol is hitting the poor and the environment. A "perfect storm" of ecological and social factors appears to be gathering force, threatening vast numbers of people with food shortages and price rises. The era of cheap food is over. World commodity prices of sugar, milk and cocoa have all surged, prompting the BIGGEST INCREASE IN RETAIL FOOD PRICES IN THREE DECADES in some countries. "Meat, too, will cost more because chicken and pigs are fed largely on grain." The world price [of maize] has doubled. 850m people around the world are already undernourished. There will soon be more because the price of food aid has increased 20% in just a year. In the US, where nearly 40 million people are below the official poverty line, the Department of Agriculture recently predicted a 10% rise in the price of chicken. The prices of bread, beef, eggs and milk rose 7.5 % in July, the HIGHEST MONTHLY RISE IN 25 YEARS. Reports suggest that one-third of ocean fisheries are in collapse, two-thirds will be in collapse by 2025, and all major ocean fisheries may be virtually gone by 2048. 15% of the world's present food supplies, on which 160 million people depend, are being grown with water drawn from rapidly depleting underground sources or from rivers that are drying up. In large areas of China and India, the water table has fallen catastrophically. In Britain, the recent floods will result in a shortage of vegetables such as potatoes and peas, and cereals such as wheat."

Food, the next super bull? I think so.

http://home.att.net/~thehessians/newcropreport.html

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