Food prices go up again

Food prices continue to go up due to more demand for grains, oil prices, and population growth in developing countries. Even my local bagel store had to raise bagel prices to $0.85. Wheat prices surged on Monday this week, and demand for soyoil/soybeans has been solid. Irwin Kellner comments in Marketwatch, explaining “Why it takes a lot more bread to buy dough these days”.

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