"Anticipating an imminent shortage of the grain that is integral to the production of meat, milk, and eggs - and, increasingly, fuel because of the ethanol mandate for gasoline - traders have sent the price of corn surging as much as 50 percent this summer.
Worries about rising prices for food and fuel at a time when individual income growth is weak could be trouble for the U.S. economy, which has failed to hit its stride. The drought could also be a wild card in the presidential election."
http://articles.philly.com/2012-08-16/business/33217436_1_food-prices-midwest-grain-belt-food-bill
No comments:
Post a Comment