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Buy Food – Price Rises Are Almost Guaranteed
The Telegraph (UK) ^ | 10-25-2009 | Garry White

Posted on 10/28/2009 2:38:29 PM PDT by blam

Buy Food – Price Rises Are Almost Guaranteed

By Garry White
Published: 7:50PM GMT 25 Oct 2009

There are two main drivers of commodity prices – supply and demand. This is just as true with soft commodities such as wheat, rice, sugar and cocoa as it is with copper and tin. The big problem for your weekly shopping budget in the future is that there are problems on both sides of the equation that are likely to squeeze prices higher, permanently.

However, this also provides a great investment opportunity and now is a good time to buy into many areas of food production and distribution.

In September, sugar prices hit a 28-year high after the failure of crops in India due to the poor monsoon season. Prices have fallen about 20pc since then, but are still likely to charge ahead over the longer term.

Cocoa prices are also close to a 30-year high after a mixed harvest in Ivory Coast. Production of the bean is expected to be 100,000 metric tonnes lower this year than the 1.22m tonnes produced in the country last year.

[snip]

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: News/Current Events
KEYWORDS: commodities; deflation; economy; food; foodprices; inflation
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1 posted on 10/28/2009 2:38:31 PM PDT by blam
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To: blam

Buy Food – Price Rises Are Almost Guaranteed

_______________________

lol. That British sense of humor is quirky and amusing.


2 posted on 10/28/2009 2:40:27 PM PDT by Responsibility2nd (I am Legend)
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To: blam
Deflation? Not If You're Buying Food
3 posted on 10/28/2009 2:40:40 PM PDT by blam
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To: devolve; blam; ntnychik

I hate to grocery shop so when I go I stock up. Went yesterday and was surprised at the rise in price of almost everything!


4 posted on 10/28/2009 2:46:57 PM PDT by potlatch (Actions Speak Louder Than Words)
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To: blam

My wife said that our grocery bill is going up by 10% a week! At Walmart!


5 posted on 10/28/2009 2:50:36 PM PDT by albie
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To: blam

I bought hamburger meat last week at Food Lion for $0.98/lb. Haven’t seen that low a price in a long time.


6 posted on 10/28/2009 2:54:51 PM PDT by DannyTN
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To: DannyTN

Apparently, a lot of dairy farmers are tossing in the towel due to low milk prices (sending their herds to slaughter).

If so, that sounds like higher milk and beef prices in the future.


7 posted on 10/28/2009 2:58:37 PM PDT by SnuffaBolshevik
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To: SnuffaBolshevik

Thanks for that.

I just read an article that said supply was still expected to outstrip demand and we could still see dairy prices fall in the grocery stores.

Apparently export demand has dried up for dairy as well.


8 posted on 10/28/2009 3:05:15 PM PDT by DannyTN
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To: blam

I get annoyed seeing the ever diminishing product contents in the packaging. Ice cream, coffee, ricotta cheese (just saw that while shopping for ingredients for lasagna a few weeks ago). I’m sure there are others.

How about paper towels, laundry detergent, etc. It’s hard to keep a household budget.


9 posted on 10/28/2009 3:12:59 PM PDT by tropical
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To: tropical
Thanks to another FReeper directing me to Hillbilly Housewife on the net, I've learned or relearned meal planning. Lot's of stuff I would buy “ready to make,” I can now make ahead of time. Silly combinations of things like pancake mixes, biscuit mix, etc. even Cup of Soups.

Other recipes/meal planning has taught me how last nights leftovers can make a whole new lunch/dinner menu for the next day by adding a few spices from a different ethnicity. Example is hearty 13 bean soup, become been burritos the next day.

I think a lot of families have lost the art of real meal planning in our ready made world. Sure it takes some time to readjust to it, but it has been worth the effort. The family knows something is different, but like the changes that have lead to real home-cooked delicious foods.

10 posted on 10/28/2009 3:24:27 PM PDT by EBH (it is the Right of the People to alter or to abolish it, and to institute a new Government)
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To: EBH

And thank you for mentioning the website in your response to me. I will check it out.

I’m glad your homemade recipes are a hit with your family and using leftovers can make a difference in stretching the family budget.

I found a recipe for homemade laundry detergent that I am going to try. When I finally get around to it, I’ll let you know how it works!


11 posted on 10/28/2009 4:33:16 PM PDT by tropical
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To: potlatch

.

Prices will continue to rise for food

Recall the tv video of Obama’s face when he said “Under my plan electric rates would necessarily skyrocket.”

He knew he was on camera - you could see Obama performing his acting job as he attempted to disquise his pleasure


12 posted on 10/28/2009 4:44:39 PM PDT by devolve ( . . . . . . . . . . . . . . . . . "Hey - Know what? I*d like a wider seat!" . . . . . . . . . . .)
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To: blam

Chase the loss leaders.

Spend the rest on dried beans.


13 posted on 10/28/2009 4:47:41 PM PDT by Glenn (Free Venezuela!)
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To: devolve
[Prices will continue to rise for food]

You know how I shop, don't go often for a huge order. I was surprised because the jump even in canned goods was not just a few cents. Most canned veggies were over a dollar apiece, I can still recall 3 for a dollar, etc.

Probably cheaper here than up north too.

14 posted on 10/28/2009 5:12:43 PM PDT by potlatch (Actions Speak Louder Than Words)
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To: EBH

Just looked at Hillbilly Housewife and bookmarked the site.

Very interesting....Thanks!


15 posted on 10/28/2009 5:13:16 PM PDT by azishot
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To: devolve

Here in the US, the harvesting of wheat and corn are being hampered by rain.

Poor summer weather here in maine hurt grains and potatoes.

We’re fortunate that we grow most of our own food (for three of us). We do a lot of canning and ‘puting by’ of food. We swap with others in our area who are better at certain things that we are. Last week we even bartered fresh raspberries for lobster.

From farm to fork, prices are going to go up. Fertilizer, transportation, processing,etc..

We also watch all the stores for sales and bargains. When it’s cheap we buy more. We’ve turned a spare room into a pantry.

My city friends think we’re a little paranoid or amusingly strange. My country friends think we’re ‘gettin’ smarter’ and give us tips.

Did I forget to mention ammo ? When welfare checks won’t buy enough, people are going to go looking for it.


16 posted on 10/28/2009 5:13:29 PM PDT by maine yankee
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To: potlatch

.

3 for a buck

Memories

ShopRite still has good buys

Pre-plan from mailed flyers

But it is a pain and I like to shop close by and quickly

What you can save on sales you can easily spend on gasoline and maintenance and insurance


17 posted on 10/28/2009 5:20:26 PM PDT by devolve ( . . . . . . . . . . . . . . . . . "Hey - Know what? I*d like a wider seat!" . . . . . . . . . . .)
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To: potlatch; maine yankee

.

You can never have too much gun

.44-40 Winchester cartridges (My big vintage Colt) traded or lobster and beef?

Blue Glasers are nice stoppers

Like to see them tag or ID those


18 posted on 10/28/2009 5:27:05 PM PDT by devolve ( . . . . . . . . . . . . . . . . . "Hey - Know what? I*d like a wider seat!" . . . . . . . . . . .)
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To: blam


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

19 posted on 10/28/2009 5:27:12 PM PDT by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: devolve
I avoid going to the football field sized super grocery store and go to a smaller ‘family owned’ one. They are a tad higher to begin with but have better meat and just all the basics.

I KNOW I save a lot by not seeing plants, makeup, clothes, etc, etc. Tempting things that I don't even need, lol.

By the way, I am getting some extreme slowness here at times.

20 posted on 10/28/2009 5:29:14 PM PDT by potlatch (Actions Speak Louder Than Words)
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