Soro’s is evil but not stupid
Tighter food supplies, high prices to persist
World food prices are set to remain high in 2011/12 with supplies tightening and demand running strong, the United Nations’ food agency economist told Reuters on Wednesday after a new jump in prices.
“The chances of prices to remain high and extremely volatile well into 2011/12 are stronger than ever,” FAO’s economist Abdolreza Abbassian told Reuters in a telephone interview.
Food prices rose in November on the back of surging sugar and strong gains in cereals and oils.
That was despite the lack of fundamentals which could have justified the rises and also a stronger dollar, which usually sends agricultural commodities prices lower, Abbassian said.
“That shows that there is tremendous market sentiment in favor of high and perhaps still rising prices,” he said.
Continue http://www.reuters.com/article/idUSTRE6B02GY20101201
This is about Big Brother really messing with the food supply. “It really is a paradigm shift for the FDA. It moves the agency from reacting to outbreaks and recalls to preventing them,” said Chris Waldrop, director of the Food Policy Institute at the Consumer Federation of America.
Expect small food producers, who can’t afford lobbyists, to be driven out of the business. Long-term it will mean less food supply and higher prices for all.
in full http://www.economicpolicyjournal.com/2010/12/forget-soup-nazi-here-comes-real-thing.html