Higher Food Costs as Agricultural Commodity Prices Increase

“Commodity prices to shoot up: Jim Rogers” is the Commodity Online (commodityonline.com)  headline from its 2/09/2010 post -via lewrockwell.com on 2/10/2010 – and here’s a few excerpts:

• … Globally renowned commodities expert and investor Jim Rogers says world’s focus in the coming years is going to be on agricultural commodities and food prices. According to him, the prices of agricultural commodities and food are going to continuously rise in the coming years. “Commodity prices are going to shoot up. The challenge is that people are eating more foods these days. But the supply of food products is coming down,” he said. Rogers, who is now settled in Singapore and who has been heavily into agricultural commodities in China, says that THE BIGGEST PROBLEM THAT THE FOOD SECTOR FACES IS THAT THE INVENTORIES OF FOOD ARE THE LOWEST NOT IN YEARS BUT IN DECADES (caps/PH).
• “Food supply is going to remain down since we have serious production problems. At the same time people are eating more and we are burning some of our foods as fuels.” said Jim Rogers.

PH Comment: Aren’t we glad that we’re continually expanding our stored foods and our food production (e.g., gardening) skills?

Until next time; keep your eyes on the horizon as the weather’s changing fast.