The World Food Bank is warning that food prices are at a “dangerous level”.
The World Bank’s food price index rose by 15 percent between October and January alone. The increase has been driven by volatile global trading in wheat, corn and soybeans. Global corn futures more than doubled since this summer, from $3.50 to $7 a bushel, in part because of higher demand from developing countries and a growing biofuels industry…read more
Would the people that advocated using the power of the government to force our food into our gas tanks please step forward. No one wants the spot light now that the unintended consequences are clear.
I believe we are headed for a period of high inflation. Please take the inflation poll (along the left side).