| Back to Home > Bulletin Board > Current Events > Topic: end of cheap food |
Topic: end of cheap food
| Author | Message |
| UGoGirl | Posted – 12/28/2007 12:12:47 PM | show profile Americans have in recent decades been spending a smaller portion of their family income on food. But the cost of feeding ourselves is increasing (might not be a bad thing if we eat less, but wouldn't it be nice if we could eat less but increase the quality of our food, as in fresh and local). ******* Calories, Capital, Climate Spur Asian Anxiety The new year may be a challenging one for Asian policy makers. Year-end U.S. closing stocks for wheat are the lowest in six decades; soybeans in Chicago touched a 34-year peak this week. Palm oil in Malaysia climbed to a record yesterday. The steeply rising cost of calories may be more than just cyclical, notes Rob Subbaraman, Lehman Brothers Holdings Inc. economist in Hong Kong. Growing use of food crops in biofuels and increasing demand for a protein-rich diet in developing countries may have pushed up prices more permanently. The wholesale price of pork in China has surged 53 percent in the past year. ... Bloomberg |
