Wednesday, January 19, 2011

The Desk of Brian » Commodities Soar – Food Scarcities Begin

Part of the growing world food crisis is Chinese demand and Russia's worst drought in a half-century which devastated their grain crops. Russia even declared that they were keeping their grain to themselves and not exporting any. ... When you add into this the increased overseas demand for food supplies (China, Thailand and Japan for example), the need for corn for ethanol requirements in the United States, and farmers decreasing production of crops that are financially ...