Thursday, April 24, 2008

Food Crisis

I have posted a few articles telling people about the world food crisis and today I want to point people to more information on this subject.

Food-buying panic hits Canadian stores

With food riots spreading from Haiti to Thailand and retail giants such as Wal-Mart implementing rice rationing in the United States because of shrinking supplies, analysts say Canadians will soon be paying a lot more at the grocery store.

Already, panic buying has hit some Canadian stores.

To read the rest of the story follow this link: Crisis

Food, gas prices will only get worse, experts say

Soaring prices on everything from food to gasoline walloped consumers Thursday as the Bank of Canada warned of weaker economic growth to come - new evidence the U.S. recession has deepened and is dragging down other sectors of the economy as it continues to slide.

Basic food items are becoming more scarce and the price of those commodities is soaring, matched only by the rapid increase in the cost of gasoline. Food shortages, hoarding by producing countries and a pernicious cycle of energy prices driving up production costs is only making the situation worse.

Here is the link to the story: Prices

Some Texas Stores Rationing Staple Food Items

Consumers may have a good reason for feeling uneasy about food prices. Some stores have begun rationing certain items. TXA 21 News has learned that Sam's Club's are now rationing rice, but the warehouse store isn't to blame.

Adriana Ramos describes how her grocery bill has grown by 33%. With prices going up, worldwide food shortages, individuals and businesses stocking up, some warehouse stores have begun to limit the amount of certain staples consumers can buy.

Sam's Club has placed a limit, of four per customer, on large bags of rice at their stores in North Texas. Officials with the warehouse say it's another consequence of rising food costs.

Oddly enough part of the problem begins with produce. The U.S. Congress has mandated that America turn a large percentage of corn crops into biofuel. Thirty-percent of the current U.S.

corn crop is now dedicated to those fuels.
Since farmers make more money in corn, they grow less of other food staples like wheat and soy. And the price of corn to feed chickens, cattle and other livestock has also skyrocketed.

The rest of this story can be found here: Food

This situation is becoming serious and is one everyone should be watching carefully.

Bookmark and Share
> posted by Trevor Hammack @ 10:39 PM   0 comments links to this post


Post a Comment

Links to this post:

Create a Link

<< Home