Postby xtech » May 3rd, 2008, 11:45 am
New Food Crisis Looms
US government reports of much cooler-than-normal water temperatures in the Pacific, which traditionally lead to extreme weather patterns around the world added to food price uncertainties.
The world experienced a major food crisis in 2008 that led to civil and political unrest from Bangladesh to Haiti and added millions more to those suffering from malnutrition. Though prices have dropped somewhat, some analysts say the crisis never totally ended. With prices rising dramatically in 2010, the world could be on the brink of a new crisis in 2011 with the la nina weather pattern taking hold over the world.
Rising food prices and shortages could cause instability in many countries as the cost of staple foods and vegetables reached their highest levels in two years, with scientists predicting further widespread droughts and floods. Global meat prices are at 20-year highs. Concerns about global wheat supplies are sparking fears that price inflation in the wheat market could lead to a food crisis akin to the one in 2008.
Some countries are already beginning to respond. Russia announced in October it would continue its ban on grain exports for another eight months, a measure put in place in August following the severe drought and wildfires that decimated crops in the country this summer. China, experiencing the worst food inflation since 2008 announced last week it would cap prices on grains, edible oil, and sugar. The US predicted that global wheat harvests would be 30m tonnes lower than last year, a 5.5% fall. Meanwhile, the price of tomatoes in Egypt, garlic in China and bread in Pakistan are at near-record levels. World wheat and maize prices have risen 57%, rice 45% and sugar 55% over the last six months and soybeans are at their highest price for 16 months.
The governments of Kenya, Uganda, Nigeria, Indonesia, Brazil and the Philippines have all warned of possible food shortages this year, citing floods and droughts in 2010, expected extreme weather in 2011, and speculation by traders who are buying up food stocks for release when prices rise.
According to the US Commodity Futures Trading Commission, speculators on the trading floor of the Chicago Exchange bought futures contracts for about 40m tonnes of maize and 6m tonnes of wheat in the summer.
Longtime hedge fund manager Mike Masters, who has worked with WDM, said: "Because there is already much more capital available in the world than hard commodities, speculators can increase the price of consumable commodities, like foodstuffs or energy, much higher than traditional consumers and producers can react.
In 2008 I wanted to bring in a barrel of food from NY
1 (20 lbs) Carolina Rice
1 (20 lbs) Flour
1 (10 lbs) White Sugar
2 (10 lbs) Brown Sugar
8 lbs Salt Fish
2 (96 oz) Corn Oil
2 (18 oz) Corn Flakes Cereal
12 (7.25 oz) Macaroni & Cheese Packs
6 Packs Elbow Macaroni
4 (24 oz) Heinz Ketchups
2 (32 oz) Heinz Vinegar
2 (13 oz) Adobe All-Purpose Seasoning
12 (12 oz) Evaporated Milk
3 (18 oz) Skippy Peanut Butter
3 (15 oz) Hellmann Mayonnaise
14 (6 oz) Bumble Bee Tuna
2 (4.5 lbs) Quaker Oats
2 (10 lb) Cornmeal Cereal
3 (18 oz) Kraft BBQ Sauce
12 (10 oz) Libby Corn Beef
16 (5 oz) Vienna Sausages
6 (12 oz) Canned Macarel
16 (3.75 oz) Brunswick Sardines
10 (1 lb) Lentils
10 (1 lb) Red Beans
3 (19 oz) Kool-aid Mixes
2 (19 oz) Nesquik Chocolate Drink
4 Rolls of Paper Towels
12 Boxes Of Popcorn
1 Gallon Trend Liquid Laundry Detergent
1 Gallon Nice/Fluffy Fabric Softener
4 (18 oz) Ajax Dishwashing Liquids
3 (6.4oz) Tubes of Toothpaste
12 Bars of Ivory Bathing Soap
Just about a $1000TT in all
Last edited by
xtech on January 6th, 2011, 2:25 pm, edited 3 times in total.
thas rel good... i hadda know how much u paing to clear.. i tink everyone should start this.. lol
, since PNM take over i am doing that 
..... because i know he cant run a country he can only run it dry 
