UN: Food prices hit record high in February (Prepper Ping!)

Yahoo ^

[Red in Blue PA]

ROME (AP) -- Global food prices are the highest in 20 years and could increase further because of rising oil prices stemming from the unrest in Libya and the Mideast, a U.N. agency warned Thursday.

Skyrocketing food prices have been among the triggers for protests in Egypt, Tunisia and elsewhere, and raised fears of a repeat of the food price crises in 2007 and 2008.

Some experts point to key differences compared to those years: for one, the price of rice, a dominant component of regular diets in many parts of the world, is much lower today. Still, aid group Oxfam called the hike "deeply worrying."

[Signalman]

Let’s increase our subsidizing of ethanol./sarc

[Drill Thrawl]

But since food and energy are not of the Consumer Price Index there is no inflation.

[Freddd]

because of rising oil prices ———————In the U.S. that’s only part of the reason, there’s also Obama’s no drilling moratorium...

[FromLori]

“But since food and energy are not of the Consumer Price Index there is no inflation.”

Do you know some people on site claim it is included. No wonder were in such trouble there are so many people who don’t seem to have a clue.

[BobL]

“Let’s increase our subsidizing of ethanol./sarc”

There are some DINGBATS on this site that cannot understand that diverting corn away from human consumption WILL drive up the cost of food.

It’s just over their cute little heads to understand it.

[backwoods-engineer]

I have a questions for the preppers on the thread. I am about to buy another 50# of rice. Seems to me it’s SKYROCKETED in the last 6 months. What price are you paying for 50#? I am seeing $40-$50. Yikes.

[Drill Thrawl]

Do you know some people on site claim it is included. No wonder were in such trouble there are so many people who don’t seem to have a clue.

But it used to be hence the confusion.

[Drill Thrawl]

40 to 50?!?! That is frickin’ outrageous! I pay 8.99 for 20#. Now, if you are buying that in a bucket with O2 absorbers and mylar it’s a little high other wise, if it’s just a sack, you are getting robbed.

[LearsFool]

If that includes shipping, and (as mentioned above) comes in a sealed bucket with oxygen absorbers, it's still high but perhaps not terribly so.

I've had to shop around lately, because my favorite source was charging nearly as much for shipping as for the products themselves...thanks to the dipsticks in Washington who forgot to check the oil. (Maybe we could burn some corn in our vehicles to lower shipping costs? Of course that would drive up the price of alternative grains, like rice, so that's no good.)