Riots in Haiti… Unrest in Egypt… and Food Rationing in New England and California?
Apr 21st, 2008 | By Contrarian Profits | Category: Featured, Financial NewsRice has now shot up 75% in the last two months alone. Corn is up 30% this year. Wheat has managed 120% gains over the past 12 months.
With staple foods racing to record high prices, the world’s poor are feeling the pinch of the global food crisis. But the effects are not limited to the third world. Costco stores in northern California are imposing limits on buying of oil, flour, and rice reported a recent article in the NY Sun.