Monday, June 9, 2008

RISING FOOD PRICES

Rising food prices continue to fuel inflation fears the world over. Flooding due to rain in the US midwest and a weaker US Dollar are driving prices higher
http://www.reuters.com/article/ousiv/idUST29090620080609
http://www.bloomberg.com/apps/news?pid=20601087&sid=aRT0a6qnmxwg&refer=home
While Corn prices are at record highs, Wheat prices pulled back sharply from their recent highs, as Wheat production is expected to increase this season.
'''''Food Price driven Inflation'''''' is going to be a serious challenge for many governments and Central Banks in an election year (read: Elections in the US & India)
WHEAT
CORN
SOYBEAN

No comments: