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"5 years of price volatility..." claims gaurdian.
Which makes absolutely no sense. Unless you understand this:
"When derivative markets are linked to commodity markets, this nearly unlimited capital from the financial sector can cause excessive price volatility."<<< I mean WTF!!!???!!!
Only bullshitters understand that jibberish!!!
Why would it just be OK after 5 years, unless millions die, and by that time gas has doubled, I mean how? Oh yes I know, its all bullshit!
From the Gaurdian
Cost of meat, sugar, rice, wheat and maize soars as World Bank predicts five years of price volatility
An Indian farming family carry bundles of paddy from a rice field in the northeastern state of Tripura. India has had food price inflation of 17% in the last year. Photograph: AFP/Getty ImagesRising food prices and shortages could cause instability in many countries as the cost of staple foods and vegetables reached their highest levels in two years, with scientists predicting further widespread droughts and floods.
Although food stocks are generally good despite much of this year's harvests being wiped out in Pakistan and Russia, sugar and rice remain at a record price.
Global wheat and maize prices recently jumped nearly 30% in a few weeks while meat prices are at 20-year highs, according to the key Reuters-Jefferies commodity price indicator. Last week, the US predicted that global wheat harvests would be 30m tonnes lower than last year, a 5.5% fall. Meanwhile, the price of tomatoes in Egypt, garlic in China and bread in Pakistan are at near-record levels.
"The situation has deteriorated since September," said Abdolreza Abbassian of the UN food and agriculture organisation. "In the last few weeks there have been signs we are heading the same way as in 2008.
"We may not get to the prices of 2008 but this time they could stay high much longer."
However, opinions are sharply divided over whether these prices signal aworld food crisis like the one in 2008 that helped cause riots in 25 countries, or simply reflect volatility in global commodity markets as countries claw their way through recession.
READ MORE
"5 years of price volatility..." claims gaurdian.
Which makes absolutely no sense. Unless you understand this:
"When derivative markets are linked to commodity markets, this nearly unlimited capital from the financial sector can cause excessive price volatility."<<< I mean WTF!!!???!!!
Only bullshitters understand that jibberish!!!
Why would it just be OK after 5 years, unless millions die, and by that time gas has doubled, I mean how? Oh yes I know, its all bullshit!
From the Gaurdian
Cost of meat, sugar, rice, wheat and maize soars as World Bank predicts five years of price volatility
An Indian farming family carry bundles of paddy from a rice field in the northeastern state of Tripura. India has had food price inflation of 17% in the last year. Photograph: AFP/Getty ImagesRising food prices and shortages could cause instability in many countries as the cost of staple foods and vegetables reached their highest levels in two years, with scientists predicting further widespread droughts and floods.
Although food stocks are generally good despite much of this year's harvests being wiped out in Pakistan and Russia, sugar and rice remain at a record price.
Global wheat and maize prices recently jumped nearly 30% in a few weeks while meat prices are at 20-year highs, according to the key Reuters-Jefferies commodity price indicator. Last week, the US predicted that global wheat harvests would be 30m tonnes lower than last year, a 5.5% fall. Meanwhile, the price of tomatoes in Egypt, garlic in China and bread in Pakistan are at near-record levels.
"The situation has deteriorated since September," said Abdolreza Abbassian of the UN food and agriculture organisation. "In the last few weeks there have been signs we are heading the same way as in 2008.
"We may not get to the prices of 2008 but this time they could stay high much longer."
However, opinions are sharply divided over whether these prices signal aworld food crisis like the one in 2008 that helped cause riots in 25 countries, or simply reflect volatility in global commodity markets as countries claw their way through recession.
READ MORE
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