Food Crisis: UN Says Output Must Rise 50% by 2030
Jun 4th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsAt a summit in Rome held by the UN’s Food and Agriculture Organization, UN Secretary General Ban Ki-moon said world food output needs to rise 50% by 2030 in order for the growing population to be fed.
“Soaring prices of grains, dairy and meat have been grabbing global headlines,” says Jennifer Yousfi in Money Morning, “but other commodities have been on the rise as well.
“I’m not talking about the increases in daily staples that make the front page, but those little extras that make daily life just a little bit sweeter – coffee, cocoa and sugar. We might not need them, but we definitely want them. And inflation is putting upward pressure on the price of these soft commodities just as it is on oil and grains such as wheat and rice.”
As demand for food increases, it’s a great time to invest in a livestock ETF, says Ian Davis in The Growth Stock Wire: “Hog farmers are not running charities. When the input costs for hog producers soar, the price of hogs must also rise. By buying hogs, we are piggybacking (excuse the pun) on the uptrend in agriculture and crude oil.
“So when the uptrend finally begins, how should we play it?”
Read on how to profit when this upswing kicks in with this livestock ETF.
“When the gold price rises, jewelry gets more expensive,” says Tom Dyson in DailyWealth. It’s the same way with farm animals. When the corn price rises, livestock must get more expensive. Corn has doubled in the past 18 months, but livestock prices are still in the same range they were six years ago. They will catch up with corn.”
Tom also recommends that his readers invest in a livestock ETF.
“Two trade in London under the symbols CATL.L and HOGS.L,” says Tom. “They track the Dow Jones AIG sub-indexes for live cattle and hogs.”
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