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Keyword: foodcost

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  • Getting slammed at the supermarket (corn crop failure will raise food prices)

    09/25/2011 11:37:09 AM PDT · by lowbridge · 66 replies
    NY Post ^ | September 19, 2011 | BARBARA F. HOLLINGSWORTH
    High energy prices and bad weather -- including blistering hot temperatures, flooding in some places and drought in others -- hurt this year’s agricultural output. But farmers agree that a major problem is the soaring price of corn, which is used directly in products like cereal, and indirectly as livestock feed. Corn is nearly twice as expensive now as it was last summer -- even though US farmers planted the second-largest crop since World War II. Why? Well, 40 percent of the crop goes to produce 12.6 billion gallons of ethanol to meet the government’s renewable fuel standards. In other...
  • Global food supply is a growing problem

    06/08/2008 5:19:22 PM PDT · by DeaconBenjamin · 30 replies · 155+ views
    Telegraph (UK) ^ | June 8, 2008 | James Hall
    Food riots. Scores of panicked people protesting, burning effigies and chanting. Shops being ransacked, supplies running out as soon as they come in, and stricken communities stockpiling rice, bread and water for fear of going without. These have happened in Haiti and Egypt in recent months as the price of scarce food has soared. But what if they happened on the streets of Bromley? Or Newcastle? Or Bath? As bizarre as this might seem, the prospect of UK food shortages has started to be taken seriously by food manufacturers and retailers. The global food shortage has raced to the top...