Food prices on the rise worldwide

Many factors in play. Freak weather is a factor. But so are dramatic changes in the global economy, including higher oil prices, lower food reserves and growing consumer demand in China and India.

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NY Times Editorial: Pain at the Pump and Beyond

There are several reasons for oil’s dizzying price spiral. Soaring demand in fast-growing developing countries like China and India means there is little oil to spare. The turmoil in financial markets — the White House can take a good chunk of the blame for that — has driven prices even higher, as investors have bought oil and other commodities as stocks and the dollar plunge.

... the era of cheap oil is truly over. With that, the country could finally focus on developing clean alternative energy sources and reducing oil consumption, a strategy that has served other countries well.

Food prices on the rise worldwide

Visited my local restraunt supply house, where food has been at far lower prices than, oh, say the grocery store.

Beans that were at sub $10 for 20 lbs less than 6 months ago are now at $17.12

Amazing. And yet - the place STILL has Chineese sourced peeled garlic.

The increases in consumer food prices are much more than the rise of commodity prices or their scarcity.

A loaf of bread, purchased at more than $2 retail, on "sale", has about 12 cents of wheat in it when wheat is $10 bushel.

Its the myriad of other costs that are really shoving the cost of retail food.