Food Prices Rising, Everywhere
Is it a Chicken Little moment? Is the sky falling?
You can always find doom and gloom stories about rising food costs, but there seems to be a consensus that we are heading into a ‘perfect storm’ of troubles. As global inhabitants, we are all facing:
*low grain inventories,
*higher demand for food products for biofuels,
*a rising demand for grain from China and India to feed their more affluent population,
*major grain exporters like Kazakhstan are stopping exports so they can feed their own populace
*bad growing seasons in the Ukraine and Australia are further limiting supplies.
Its all converging, and it's happening now.
Japan is out of butter. That seems improbable, fantastic, for a major world power to be out of butter.

