The Spreading Food Crisis Thread (U.S. & World) Archived

WildRose · **Joined:** Wed Jun 21, 2006 12:00 am **Posts:** 1324

mos6507 wrote:

FoolYap wrote:

It's stealth food price inflation.

Or they are trying to tackle the obesity problem.

That would be smart, but I think it's probably price inflation.

In our local Sobey's, I've seen the price of a small loaf of whole wheat bread increase from 99 cents to $2.39 in about a year. Flour has doubled in price. Yeah, it's getting more expensive to eat well.

catbox · **Posted:** Sun May 04, 2008 1:40 pm

We've ditched dairy (month 11 now) and that saves a bit...does wonders for snot glogging reality as well.

cb

bodigami · **Joined:** Wed Jul 26, 2006 12:00 am **Posts:** 2330

What about meat prices? How much have they increased? I don't like meat, it's for reference... if I go to the grocery or supermarket it is to help in everything but paying... but there has being some talking in my family to stop consuming some specific "luxorious" food products.

shortonoil · **Posted:** Sun May 04, 2008 3:45 pm

zensui said:

Quote:

What about meat prices? How much have they increased? I don't like meat, it's for reference... if I go to the grocery or supermarket it is to help in everything but paying... but there has being some talking in my family to stop consuming some specific "luxorious" food products.

Meat prices are still pretty low. That is because very high grain prices are forcing producers to slaughter more of their herds than they would otherwise. Meat prices will escalate rapidly later this summer as the effects of the decimated herds take affect.

GeoJAP · **Posted:** Sun May 04, 2008 4:14 pm

We went to Costco today. They had NO rice whatsoever, not even Texas rice. But the meat was still less expensive than the regular grocery store so we stocked up on that. Ribeyes $6.29/lb, Pork loin $2.60/lb, Beef fajita meat $5/lb.

When we checked out, the guy asked if we found everything OK. I asked him where the rice was. He said that they get it in the 50 pound bags, but that it sells out in minutes once it arrives. He suggested that we get there early on delivery days and basically meet the delivery truck when it shows up.

mos6507 · **Posted:** Sun May 04, 2008 4:53 pm

GeoJAP wrote:

We went to Costco today. They had NO rice whatsoever...

Does anyone ever shop for groceries somewhere OTHER than Costco these days??

jlw61 · **Posted:** Sun May 04, 2008 5:08 pm

mos6507 wrote:

GeoJAP wrote:

We went to Costco today. They had NO rice whatsoever...

Does anyone ever shop for groceries somewhere OTHER than Costco these days??

For bulk you have to go to Sam's, Costco or another warehouse type store. The largest bag of rice I can buy in a normal grocery store is usually 5lbs and flour usally tops out at 5 lbs also. Most grocery stores, in my experience, just don't do bulk anymore.

GeoJAP · **Posted:** Sun May 04, 2008 5:27 pm

mos6507 wrote:

GeoJAP wrote:

We went to Costco today. They had NO rice whatsoever...

Does anyone ever shop for groceries somewhere OTHER than Costco these days??

Well, yes, of course. I'm sure you knew that. Costco is a very illustrative example for this point, however, which is why it was used. I have about 6 or 7 stores that I buy food from on a regular basis. My local Fiesta supermarket had 20-pound bags of Thai rice last week. The local china town market still had 20 pound bags a month ago. But none of them had 50 pound bags and I am not sure if they have Thai rice at all this weekend.

My girlfriend is from Hong Kong, and they do not like American rice. it is a matter of preference, but a strong one at that.

patience · **Joined:** Fri Jan 04, 2008 1:00 am **Posts:** 2869

Why is coffe goin up? Folger's Instant was 7.5 ounces for $4 last fall, now it's a tiny jar, about 5 or 6 ounces, for $4.75. That's up over 50% in 6 months. Same Dollar General store.

eastbay · **Posted:** Sun May 04, 2008 7:40 pm

mos6507 wrote:

GeoJAP wrote:

We went to Costco today. They had NO rice whatsoever...

Does anyone ever shop for groceries somewhere OTHER than Costco these days??

Almost never around here... it's 95% Costco... but last week we went to a local Chinese market for rice because Costco had none. It's all we bought there. Two 25 lb'ers. $20.00 each. Felt lucky too.

yesplease · **Joined:** Tue Oct 03, 2006 12:00 am **Posts:** 3654

eastbay wrote:

Two 25 lb'ers. $20.00 each. Felt lucky too.

Lucky? That's over twice the price of Pintos per unit calorie IIRC... :shock:

Pretorian · **Posted:** Sun May 04, 2008 10:41 pm

eastbay wrote:

mos6507 wrote:

GeoJAP wrote:

We went to Costco today. They had NO rice whatsoever...

Does anyone ever shop for groceries somewhere OTHER than Costco these days??

Almost never around here... it's 95% Costco... but last week we went to a local Chinese market for rice because Costco had none. It's all we bought there. Two 25 lb'ers. $20.00 each. Felt lucky too.

Was it some special rice? i was payomg 37 cents a pound in wm

wisconsin_cur · **Joined:** Thu May 10, 2007 12:00 am **Posts:** 4616

Quote:

The Association of Master Bakers and Caterers of Nigeria stopped bread production across the country on Tuesday night, in protest against the rising cost of flour.

Bakers say that once the strike ends they will increase the price of a loaf of bread by about 15%.

At the moment, the strike appears to be having the greatest impact in Lagos, Nigeria's commercial capital. But other cities are expected to join in as the bakers say the strike is intended to be nationwide.

The strike follows President Umaru Yar'Adua's refusal to call on flour makers to reduce the cost of flour - which recently went up from 3,000 Nigerian naira ($23) per 50kg bag, to about 4,000 naira ($31) per bag.

The decision to shut down the bakeries was painful but inevitable, said a spokesman for the bakers in Lagos, Lateef Oguntoyinbo.

Flour mill operators increased their prices in May after the government announced an increase in value added tax (VAT).

BBC News

mos6507 · **Posted:** Mon May 05, 2008 3:31 am

eastbay wrote:

Almost never around here... it's 95% Costco... but last week we went to a local Chinese market for rice because Costco had none. It's all we bought there. Two 25 lb'ers. $20.00 each. Felt lucky too.

Do you have a family of 12 or something? How much rice do you go through, or are you just storing it in your basement?

emersonbiggins · **Posted:** Mon May 05, 2008 12:45 pm

India may ban trading in food futures.

Quote:

EMERGING MARKETS REPORT
India may impose a ban on trading in food futures
By Polya Lesova, MarketWatch
Last update: 1:52 p.m. EDT May 5, 2008

NEW YORK (MarketWatch) -- India is reportedly considering a ban on trading in food futures, as the government struggles to curb soaring inflation and the rising cost of food has become a major international concern.

India's finance minister Palaniappan Chidambaram said Monday that he was considering a blanket ban on trading in food futures, according to a report in The Financial Times.

Chidambaram said that governments across Asia share his worries over speculation in the commodities markets, the FT reported.
India is "facing a very grave crisis on the food front," the minister said on the sidelines of the Asian Development Bank's annual meeting in Madrid, according to the FT.

India has already banned futures trading in rice and wheat. The latest remarks from India's finance minister come as his government confronts growing pressure at home to curb rising inflation.
...

"I don't think it's a great idea especially given that their food futures market is fairly modest," Brandt said. "If you take that away, you lose pretty important market signals. One thing the food futures market is telling us is plant more food."
...

MarketWatch

There's those damn speculators again, weighing India's population time-bomb against a limited and susceptible food and resource base. :roll:

The Spreading Food Crisis Thread (U.S. & World) Archived

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