<http://scottystarnes.wordpress.com/author/scottystarnes/> World Food Prices Soar: Sugar and Meat at Record Costs<http://scottystarnes.wordpress.com/?p=15409> *Scotty Starnes <http://scottystarnes.wordpress.com/author/scottystarnes/>*| January 5, 2011 at 9:55 PM | Tags: Egypt <http://scottystarnes.wordpress.com/?tag=egypt>, Food and Agriculture Organization<http://scottystarnes.wordpress.com/?tag=food-and-agriculture-organization>, food commodities <http://scottystarnes.wordpress.com/?tag=food-commodities>, Haiti <http://scottystarnes.wordpress.com/?tag=haiti>, inflation<http://scottystarnes.wordpress.com/?tag=inflation>, riots <http://scottystarnes.wordpress.com/?tag=riots>, United Nations<http://scottystarnes.wordpress.com/?tag=united-nations>, world food prices<http://scottystarnes.wordpress.com/?tag=world-food-prices>| Categories: Uncategorized<http://scottystarnes.wordpress.com/?category_name=uncategorized>| URL: http://wp.me/pvnFC-40x
It's alright folks. Ben Bernanke and the Obama administration continue to lie about inflation. Look at the prices going up around you to see the proof yourself. Bloomberg.com<http://www.bloomberg.com/news/2011-01-05/global-food-prices-climb-to-record-on-cereal-sugar-costs-un-agency-says.html> reports: World food prices rose to a record in December on higher sugar, grain and oilseed costs, the United Nations<http://topics.bloomberg.com/united-nations/>said, exceeding levels reached in 2008 that sparked deadly riots from Haiti <http://topics.bloomberg.com/haiti/> to Egypt<http://topics.bloomberg.com/egypt/> . *An index of 55 food commodities tracked by the Food and Agriculture Organization<http://topics.bloomberg.com/food-and-agriculture-organization/>gained for a sixth month to 214.7 points, above the previous all-time high of 213.5 in June 2008, the Rome-based UN agency said in a monthly report. The gauges for sugar and meat prices advanced to records.* *Sugar climbed for a third year in a row *in 2010, and *corn jumped the most in four years in Chicago*. Food prices may rise more unless the world grain crop increases “significantly” in 2011, the FAO said Nov. 17. At least 13 people died last year in Mozambique<http://topics.bloomberg.com/mozambique/>in protests against plans to lift bread prices. “There is still, unfortunately, the potential for grain prices to strengthen on the back of a lot of uncertainty,” Abdolreza Abbassian<http://topics.bloomberg.com/abdolreza-abbassian/>, senior economist at the FAO, said by phone from Rome<http://topics.bloomberg.com/rome/>today. “If anything goes wrong with the South American crop, there is plenty of room for them to increase.” *White, or refined, sugar traded at $752.70 a metric ton at 11:53 a.m. on NYSE Liffe in London <http://topics.bloomberg.com/london/>, compared with $383.70 at the end of June 2008*. Corn, which added 52 percent last year on the Chicago Board of Trade, was at $6.01 a bushel, down from $7.57 in June 2008. Soybeans were at $13.6325 a bushel, against $15.74 at the close of June 2008. If this had happened under Bush, the media would be all over it. Continue reading>>><http://www.bloomberg.com/news/2011-01-05/global-food-prices-climb-to-record-on-cereal-sugar-costs-un-agency-says.html> Add a comment to this post<http://scottystarnes.wordpress.com/?p=15409#respond> <http://feeds.wordpress.com/1.0/gocomments/scottystarnes.wordpress.com/15409/> <http://feeds.wordpress.com/1.0/godelicious/scottystarnes.wordpress.com/15409/> <http://feeds.wordpress.com/1.0/gofacebook/scottystarnes.wordpress.com/15409/> <http://feeds.wordpress.com/1.0/gotwitter/scottystarnes.wordpress.com/15409/> <http://feeds.wordpress.com/1.0/gostumble/scottystarnes.wordpress.com/15409/> <http://feeds.wordpress.com/1.0/godigg/scottystarnes.wordpress.com/15409/> <http://feeds.wordpress.com/1.0/goreddit/scottystarnes.wordpress.com/15409/> [image: WordPress] WordPress.com <http://wordpress.com/> | Thanks for flying with WordPress! Manage Subscriptions<http://subscribe.wordpress.com/?key=5d39acfd19218362d540a3fc3dc3315d&email=baconlard%40gmail.com>| Unsubscribe<http://subscribe.wordpress.com/?key=5d39acfd19218362d540a3fc3dc3315d&email=baconlard%40gmail.com&b=uXCqyl64mwxcx5%2FTH%7Catmvpmq%5BCMpXp6Hm8PI6X%2FD>| Reach out to your own subscribers with WordPress.com.<http://wordpress.com/signup/?ref=email> *Trouble clicking? Copy and paste this URL into your browser:* http://subscribe.wordpress.com -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more.
