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social unrestThere's a catch-22 in world food supply and demand. The demand for food from developing nations is putting pressure on supplies across the globe. But governments are getting increasingly nervous and worried about unrest. To try and preempt civil disturbances, governments have stepped in and are buying food staples. This government buying is driving prices still higher.

Algeria and Saudi Arabia have announced extraordinary purchases of wheat, driving prices to a two and a half year high. Last week Algeria bought 600,000 tons of wheat, much more than usual. Saudi Arabia announced plans to double the size of its wheat stockpile.

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Governments Stockpile Food to Avoid Panic Buying, Social Unrest originally appeared on BloggingStocks on Sun, 06 Feb 2011 13:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>agricultural ETFsagriculture indexesAlgeriaAlgeria sugarAlgeria wheatBangladeshCargillETFsETNsexchange-traded fundsexchange-traded notesfeaturedfood pricesfood prices risefood riotsfood stockpilesfood supply and demandGovernments buying foodgovernments stockpile foodhigh commodity pricesIndonesiainflationinthenewsriceSaudi ArabiaSaudi Arabia wheatsugarwheatSun, 06 Feb 2011 13:40:00 EST<![CDATA[Rioting over food inflation due to ethanol]]>http://www.bloggingstocks.com/2008/04/14/rioting-over-food-inflation-due-to-ethanol/http://www.bloggingstocks.com/2008/04/14/rioting-over-food-inflation-due-to-ethanol/http://www.bloggingstocks.com/2008/04/14/rioting-over-food-inflation-due-to-ethanol/#commentsFiled under: , , , ,

While Al Gore is busy preaching about global warming and environmentalists around the world hail ethanol as a solution to the "global warming" problem, the less fortunate, poorer countries in the world are in the midst of political turmoil as citizens riot and protest over soaring food prices.

As reported by Marketwatch: "In Egypt, headline inflation jumped to 14.4% in March, with the pace of food price rises soaring to 20.5% year-on-year from 16.8% in February. In addition, the country is suffering from shortages of bread, which is heavily subsidized by the government."

As global demand for soft commodities soars, Egypt, like many other countries, is confronting surging food prices, which have stirred popular discontent and demonstrations." We have seen demonstrations as well in Haiti, and we all know about surging food inflation in China. Countries like India, Vietnam and Cambodia, have limited rice exports as well. Why? Because farmers, heavily subsidized, have turned over crops in order to grow corn for ethanol production. Funny how environmentalists say climate change is a problem that in 25-30 years could cause significant destruction to the earth. Of course global hunger and starvation could cause more havoc, in the very near term, but they don't mention that.

Continue reading Rioting over food inflation due to ethanol

Rioting over food inflation due to ethanol originally appeared on BloggingStocks on Mon, 14 Apr 2008 16:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>climateclimate changeClimateChangeethanolfeaturedfood inflationfood riotsFoodInflationFoodRiotsglobal warmingGlobalWarmingMon, 14 Apr 2008 16:00:00 EST