ST Alpha - "yep. tho i do imagine they'll try to mitigate their costs some by releasing stockpile wheat and corn...." (Reading a Post)

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In response to "and china has much, much deeper pockets than Egypt does (or just about anybody else for that matter) -- nm" by decline

yep. tho i do imagine they'll try to mitigate their costs some by releasing stockpile wheat and corn....

Posted by x (aka dmuck) Feb 11 '11, 06:05

that may help some this year, on a domestic level at lest. regardless, ag commodities are *flying" these days and i think just about everyone should expect to be paying more for food in the very near future. pepsico yesterday said they were expecting input costs to be up +8 to 9.5% this year. no way the consumer gets out of helping to shouldering the burden of that sort of inflation.

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I know the price of bread we normally buy has gone up around $0.60 or so in the last couple of months (over $3 freakin' bucks a loaf) -- nm - Beaker Feb 11, 06:10 1
- yep, and with feed stuff like corn doubling in price over the last six months expect that to work its way into... - x Feb 11, 06:16

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yep. tho i do imagine they'll try to mitigate their costs some by releasing stockpile wheat and corn....

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