With the harsh weather in Australia, the drought in China, wheat prices are expected to go waaay up. Seems like our basic breads and cereals will see some price increases as well. This is no good.
From the Christian Science Monitor:
Everything now depends on this year’s harvest. Lowering food prices to a more comfortable level will require a bumper grain harvest, one much larger than the record harvest of 2008 that combined with the economic recession to end the 2007-08 grain price climb.
If the world has a poor harvest this year, food prices will rise to previously unimaginable levels. Food riots will multiply, political unrest will spread, and governments will fall. The world is now one poor harvest away from chaos in world grain markets.
Demand for wheat from Australia, the fourth-biggest shipper, is strong, said exporter AWB, as buyers from Europe to the Philippines battle for supplies amid prices near their highest level in more than two years.
From Wall Street Journal:
Prices surged to their highest intraday level since late August 2008 after the U.N.’s Food and Agriculture Organization, or FAO, said severe drought in China’s main winter wheat region could pose a serious threat to the Asian giant’s output. The reduced production comes as world markets already face supply strains, particularly for high-quality wheat used for flour.
From the Atlantic:
On Thursday, Agriculture Secretary Tom Vilsack announced that the United State Department of Agriculture (USDA) had approved the unrestricted planting of genetically modified alfalfa sold by Monsanto Co. and Forge Genetics, despite protests from organic groups and public health advocates and comments from nearly 250,000 citizens asking the department to keep this GMO genie in its bottle.
Monsanto and big business wins again! There’s no way to prevent cross-contamination, to restrict the GMO crops to a given area. It will be on our dinner plate one way or another.
Thank you Big Business, Big Government!
A pesticide made in Germany but banned in Germany, France, Italy and Slovenia, was approved for use by the EPA, in the USA, despite the EPA’s own scientists concerns about it’s safety. It was banned because it was dangerous to pollen- and nectar-eating bees.
Big Business wins again! Screw the honeybees! Who cares if the honeybee colonies collapse? We don’t need bees to “fertilize $15 billion worth of U.S. crops”! Right Mr. EPA?
(damn stupid government agencies)…
Here comes the corn industry again:
The Corn Refiners Association, which represents firms that make the syrup, has been trying to improve the image of the much maligned sweetener with ad campaigns promoting it as a natural ingredient made from corn. Now, the group has petitioned the United States Food and Drug Administration to start calling the ingredient “corn sugar,” arguing that a name change is the only way to clear up consumer confusion about the product.
Read more –> A New Name for High-Fructose Corn Syrup – NYTimes.com.
I’ve said it before, and I’ll say it again – It’s always about the money.
BP has released a statement denying that the company had any specific role in his release, but acknowledging that they lobbied the British government to enter into a prisoner transfer agreement with Libya. Read more…
This is just way too funny. In fact, it’s probably something I would have done myself. You gotta give the guy some credit for being ballsy. In a private meeting with other G-8 summit leaders, President Bush finishes a meeting with the words “Goodbye from the world’s biggest polluter.” Not only that, he pumps his fist into the air. I’m not his biggest fan but you gotta love it. Kinda reminds me of the Simpsons episode where Homer steals some candy from a candy convention and while being chased by the convention folks, he lobs a pack of pop rocks candy and soda at them. Before the explosion he yells “See you in hell candy boys!”.
A leaked report by the World Bank, purportedly confirms that biofuels, not increased demand from India and China, has caused the world’s food prices to increase by 75%.
President Bush has linked higher food prices to higher demand from India and China, but the leaked World Bank study disputes that: “Rapid income growth in developing countries has not led to large increases in global grain consumption and was not a major factor responsible for the large price increases
The news also suggests that the report was finished back in April, but was held back:
It all sounds to corny to me, hehehe….