Showing posts with label wheat. Show all posts
Showing posts with label wheat. Show all posts

Monday, April 14, 2008

Dying For Food, We Need Help

Soldiers keep peace at Manila store providing government rice sale.
Riots, instability spread as food prices skyrocket

(CNN) -- Riots from Haiti to Bangladesh to Egypt over the soaring costs of basic foods have brought the issue to a boiling point and catapulted it to the forefront of the world's attention, the head of an agency focused on global development said Monday.

"This is the world's big story," said Jeffrey Sachs, director of Columbia University's Earth Institute.

World Bank President Robert Zoellick has said the surging costs could mean "seven lost years" in the fight against worldwide poverty.

"While many are worrying about filling their gas tanks, many others around the world are struggling to fill their stomachs, and it is getting more and more difficult every day," Zoellick said late last week in a speech opening meetings with finance ministers.

"In just two months," Zoellick said in his speech, "rice prices have skyrocketed to near historical levels, rising by around 75 percent globally and more in some markets, with more likely to come. In Bangladesh, a 2-kilogram bag of rice ... now consumes about half of the daily income of a poor family."

The price of wheat has jumped 120 percent in the past year, he said -- meaning that the price of a loaf of bread has more than doubled in places where the poor spend as much as 75 percent of their income on food.

I posted this story because it is something that should and, will effect each and everyone of us in some way at some point if not already. Though we may not be at a point that some of these countries are, there are people here in the US and other places that are going to have a hard time making ends meet. With the rise in gasoline, food and the housing situation and credit, there will be tough times. Even if YOU are not effected directly, at some point, the trickle down will catch up with YOU.

Everybody needs to pay attention to things that are taking place in the world these days and take the necessary steps to keep YOU and yours in good standing. YOU are the only one that can do that. Pay attention and be aware of global happenings and YOU should be fine. For the rest of the above story, go to Riots, instability spread as food prices skyrocket - CNN.com

"Opyn Mindz, Opyn Eyz Rule",

Saturday, March 15, 2008

Forget Gas Prices, Go To The Grocery Store


High Wheat Prices Raise Grocery Costs

LUBBOCK, Texas (AP) — If you think the cost of gassing up your car is outrageous, wait until you need to restock your pantry.

The price of wheat has more than tripled during the past 10 months, making Americans' daily bread — and bagels and pizza and pasta — feel a little like luxury items. And baked goods aren't the only ones getting more expensive: Experts expect some 80 percent of grocery prices will spike, too, and could remain steep for years because wheat and other grains are used to feed cattle, poultry and dairy cows.

"It's going to affect everything ... impact on every section of the grocery store," said Michael Bittel, senior vice president of King Arthur Flour Co. in Norwich, Vt.

White bread cost an average of 85 cents a pound in 1998 and $1.03 in February 2006. The price rose to $1.32 a pound last month, according to federal data.

And that's on top of overall food price increases of 4 percent last year and an additional 3.5 to 4.5 percent expected this year, according to federal data. Most years see 2.5 percent increases.

And YOU thought gassing up your car was expensive! Prices in the super market are getting totally ridiculous for a variety of reasons. That is why I posted this article. Hey, if YOU are going to be hungry and cant afford some of the food YOU need, YOU might as well know why. Click the link for the rest of the story iWon Money & Investing .

Show me the money(for food and gas)



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