Thread: Food Prices
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Old 04-29-2008, 10:45 AM   #2
Schneed10
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Join Date: Feb 2005
Location: Newtown Square, PA
Age: 46
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Re: Food Prices

It's a number of things with food prices, these are the main ones:

- As mentioned, gas. Shipping costs, and energy expenses required to process foods, are up.

- The fuel industry is buying up more corn for ethanol. So corn prices especially have gone up. Corn is also used to feed livestock, so that higher cost gets passed on to the prices of just about every kind of meat, poultry, and dairy you can think of.

- Global demand. The economic development in China and India has led to growth in the number of citizens wealthy enough to eat meats, which further increases the demand for corn/feed.
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