agriculture

Dramatic Food Inflation Predicted

I don't care how Machiavellian you are as an investor, this story is not good and I sure hope all consider donating locally to food banks. While the world has over 1 billion people in hunger and the United States has surged past 35 million on food stamps with half of all children at some time being on them, we have these forecasts:

Rice may surge 63 percent to $1,038 a metric ton from $638 on Philippine imports and a shortage in India, a Bloomberg survey of importers, exporters and analysts showed. The U.S. government says nonfat dry milk may jump 39 percent next year, and JPMorgan Chase & Co. forecasts a 25 percent gain for sugar.