Friday, May 30, 2014

Higher Food Prices Worldwide?

A USA drought and destabilization in the Ukraine, two huge grain producers, are cited as contributing to some rise in food prices.
According to the World Bank, internationally traded food prices increased by a sharp 4.0 percent. The leap was led by wheat and maize, up 18 percent and 12 percent, respectively.
But wait, in the same article...
World Bank economists said prices increased despite bumper crops in 2013 and continued projections of record grain harvests and stronger stocks expected for 2014.
Perhaps the operative word is in the first paragraph, "internationally" traded foods.  A good study would be to compare world prices on an item with domestic prices, and chart the difference.

In the HTS, or SchB, they made "organic" a separate number for a wide range of produce.  Perhaps the highest quality of each country, specialty foods, is flowing to the 1% or each country.  it would be interesting to know.

Feel free to forward this by email to three of your friends.


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