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Nestle chief warns of new food riots
http://news.yahoo.com/nestle-chief-warns-food-riots-115947524.html ^ | 10-7-11 | AFP

Posted on 10/08/2011 7:53:45 PM PDT by dynachrome

The head of the world's biggest food company Nestle said on Friday that rising food prices have created conditions "similar" to 2008 when hunger riots took place in many countries.

"The situation is similar (to 2008). This has become the new reality," the Swiss giant's chairman Peter Brabeck-Letmathe told the Salzburger Nachrichten daily in his native Austria in an interview.

"We have reached a level of food prices that is substantially higher than before. It will likely settle down at this level.

"If you live in a developing country and spend 80 percent of your income on food then of course you are going to feel it more than here (in Europe) where it is maybe eight percent."

In 2008, the price of cereals reached historic levels, provoking a food crisis and riots in a number of African countries, as well as in Haiti and the Philippines.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: burningfood; economicholocaust; ethanol; foodprices; foodriots; foodsupply; nestle; nonsense; ntsa; opec; preparedness; realitychallenged; sourcetitlenoturl
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"Let them eat chocolate!"

(sorry, couldn't resist)

1 posted on 10/08/2011 7:53:57 PM PDT by dynachrome
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To: dynachrome

Thank you Mr. Obama.


2 posted on 10/08/2011 7:55:37 PM PDT by doc1019 (You do not need a parachute to skydive. You only need a parachute to skydive twice.)
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To: dynachrome

OH FUDGE!


3 posted on 10/08/2011 7:57:02 PM PDT by bigheadfred (But alas)
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To: dynachrome

Well, when the dollar is debased on a regular basis, this is to be expected.


4 posted on 10/08/2011 7:58:14 PM PDT by headstamp 2 (Time to move forward not to the center.)
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To: dynachrome

Ah shucks....I need to lose weight anyway.
No more Swiss Chocolate for me.


5 posted on 10/08/2011 7:59:08 PM PDT by marty60
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To: dynachrome

The US has spent more than 50 years showing the rest of the world how to grow more food than they can possibly eat.

They don’t want to.

Let the bastards starve to death.

See tagline.


6 posted on 10/08/2011 7:59:46 PM PDT by Balding_Eagle (Overproduction, one of the top five worries of the American Farmer each and every year..)
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To: dynachrome

NOW can we stop turning corn into ethanol, Iowa??


7 posted on 10/08/2011 8:00:10 PM PDT by ROTB (Christian sin breeds enemies for the USA. If you're a Christian, stop sinning, and spread the Word..)
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To: dynachrome
N E S T L E S
8 posted on 10/08/2011 8:01:30 PM PDT by Brandonmark (2012: Our Hope IS Change!)
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To: dynachrome

Subsidies and tariffs: just the thing to put a little drama in your life.


9 posted on 10/08/2011 8:01:52 PM PDT by yup2394871293
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To: dynachrome

Gosh. I wonder what the world would be like if someone could come up with a way to genetically alter seed so that its crop could be bountiful even during drought and other natural occurances.

oh....wait a minute....


10 posted on 10/08/2011 8:04:54 PM PDT by digger48
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To: dynachrome

Nearly all of the starvation in the world is political in origin.


11 posted on 10/08/2011 8:06:15 PM PDT by lurk
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‘Tis the plan of the Leftist bastards in charge.


12 posted on 10/08/2011 8:09:08 PM PDT by Gene Eric (Save a pretzel for the gas jet.)
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To: dynachrome
"The increases are blamed on speculative commodity trading, climate change, rising populations and changing eating habits in countries like India and China, most notably an increase in meat consumption by a growing middle class.

Brabeck-Letmathe said another factor was water, saying humans were "using more water than is sustainable" and calling for the price of water to rise in order to encourage firms and consumers to be less wasteful.

Sorry - this sets of my super-sensitive libtard BS detector.

13 posted on 10/08/2011 8:15:43 PM PDT by caper gal 1 (Cain/Rubio 2012)
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To: dynachrome

I went into WAL*MART for a few things the other day and I felt like I was in downtown Stalingrad..there was no produce..just empty crates as far as the eye could see..my girlfriend said...”Is there a food shortage we don’t know about?”....crazy..and this is in central NY too.


14 posted on 10/08/2011 8:20:34 PM PDT by leenie312
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To: lurk

Nearly all of the starvation in the world is political in origin.


You’re right.


15 posted on 10/08/2011 8:22:17 PM PDT by unkus (Silence Is Consent)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Nestle... yeah... the company that had that Third World infant formula scandal... all worried about declining chocolate demand...

Rising food prices? OPEC’s fault.

Thanks dynachrome.


16 posted on 10/08/2011 8:22:53 PM PDT by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: dynachrome

Put down the chocolate and nobody will get hurt.


17 posted on 10/08/2011 8:35:11 PM PDT by truthkeeper (Vote Against Barack Obama in 2012!)
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To: headstamp 2

Well, when the dollar is debased on a regular basis, this is to be expected.


Interesting how they never mention that fact in these articles...


18 posted on 10/08/2011 8:38:29 PM PDT by Freedom56v2 ("If you think healthcare is expensive now, wait till it is free"--PJ O'rourke)
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To: lurk

Nearly all of the starvation in the world is political in origin.

Exactly true. Somalia, Nigeris, even South Asia.


19 posted on 10/08/2011 8:39:35 PM PDT by JimSEA (The future ain't what it used to be.)
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To: Balding_Eagle

The US has spent more than 50 years showing the rest of the world how to grow more food than they can possibly eat.

They don’t want to.


Excellent point!


20 posted on 10/08/2011 8:39:36 PM PDT by Freedom56v2 ("If you think healthcare is expensive now, wait till it is free"--PJ O'rourke)
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