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Topic: Food prices (Read 2235 times)
Mackin USA
Inner Core
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Posts: 2905
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Food prices
«
on:
September 21, 2015, 02:54:14 PM »
http://oilprice.com/Energy/Oil-Price...e-of-Food.html
"The connection between food and oil is systemic, and the prices of both food and fuel have risen and fallen more or less in tandem in recent years (figure 1). Modern agriculture uses oil products to fuel farm machinery, to transport other inputs to the farm, and to transport farm output to the ultimate consumer. Oil is often also used as input in agricultural chemicals. Oil price increases therefore put pressure on all these aspects of commercial food systems."
So the price of food should be going DOWN but it is not.
WHY??
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Mr. Mackin
Travoli
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Posts: 1211
Re: Food prices
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Reply #1 on:
September 21, 2015, 04:52:40 PM »
Each company internally saying "Don't lower our prices unless the competition does."?
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rcjordan
I'm consulting the authorities on the subject
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Posts: 16358
Debbie says...
Re: Food prices
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Reply #2 on:
September 21, 2015, 04:59:37 PM »
On the mega-farms here, a good chunk of the production is sold in advance to Frito-Lay, Pepsico, Conglomerate-Du-Jour, etc. on contract. I think it's a year in advance, but maybe more. Anyway, the price-to-market effect is buffered some by this.
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buckworks
Inner Core
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Posts: 1634
Re: Food prices
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Reply #3 on:
September 21, 2015, 06:15:50 PM »
There will be some upward pressures on food prices because of the dry conditions in the western states, California in particular.
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grnidone
Inner Core
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Posts: 1649
Re: Food prices
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Reply #4 on:
September 24, 2015, 08:15:13 PM »
>Why?
One word: drought.
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Rupert
Inner Core
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Posts: 3355
George in a previous life.
Re: Food prices
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Reply #5 on:
September 25, 2015, 04:08:56 AM »
They are in the UK:
http://www.tradingeconomics.com/united-kingdom/food-inflation
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... Make sure you live before you die.
Mackin USA
Inner Core
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Posts: 2905
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Re: Food prices
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Reply #6 on:
September 25, 2015, 01:18:35 PM »
Just adding to the discussion
http://naturalsociety.com/how-far-food-travel-food-miles-1500-average/
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Mr. Mackin
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