With the harsh weather in Australia, the drought in China, wheat prices are expected to go waaay up. Seems like our basic breads and cereals will see some price increases as well. This is no good. From the Christian Science Monitor: Everything now depends on this year’s harvest. Lowering food prices to a more comfortable…
Tag: wheat
Dollar under pressure, wheat prices go up, and Bear Stearns may be bought out
The dollar touched a record low of $1.5651 against the euro and crude oil reached a record $111 a barrel. Grocery costs are expected to go up further with the rise in the cost of wheat. The price of wheat has more than tripled during the past 10 months, making Americans’ daily bread — and bagels…
Food prices go up again
Food prices continue to go up due to more demand for grains, oil prices, and population growth in developing countries. Even my local bagel store had to raise bagel prices to $0.85. Wheat prices surged on Monday this week, and demand for soyoil/soybeans has been solid. Irwin Kellner comments in Marketwatch, explaining “Why it takes…