|World Rice prices have gone up 70 percent this year and now two major distributors are beginning to limit purchases of imported rice.The AP says Sam’s club is allowing customers to buy only four 20-pound bags of Jasmine, Basmati and long grain rice.|
Prices up 70%! Rationing in Miami and the rest of US! We are all in trouble! Barbados imports most of its food. Now may be the time to plant some ground provisions to replace rice.
It is also good to see that Barbados has Minister Haynesly Benn who is concerned about feeding people. As a person who has raised a few Black-Belly Sheep, I applaud his efforts to increase local lamb production.
While looking for more items on food, I came across this story on Bajan Global Report.
|Here at home, with oil prices now reaching US$114 barrel, fuel at the pump has increase by 70%. With government subsidy on flour ended, bajans have seen a 30% increase in flour. In the meantime the Thompson-led government have stated that they will continue to monitor the situation on flour and feed and will if necessary use moral persuasion and legislative force to thwart attempts at price gouging.|
Bajan Global Report also had a post “Barbadians Still Gambling Pay Cheques Away Despite Raising Cost Of Food Hikes”
Update: April 29, 2008 The Food Crisis by American Thinker
|As everyone knows by this point, we are in the midst of a food crisis. Domestic prices of basic foods have risen by 46% over the past year, putting even more pressure on already stressed consumers. Overseas, food riots have occurred in Haiti, Cameroon, Burkina Faso, Egypt, Indonesia, Yemen, and as close to our borders as Mexico.|
Ethanol production to blame
|But the major trigger for this year’s predicament was the Congressional decision to mandate ethanol production. Congress subsidized the production of 7.5 billion gallons. As farmers began climbing on the grain wagon, this grew to over 9 billion gallons, an incredible one-third of the American corn harvest. Immediate price inflation hit all foods utilizing corn — not only directly, but as animal feed, and in the form of corn syrup used in soft drinks and sweets. The sudden sequestration of corn immediately affected all other grains, as supplies dropped when corn was planted instead, and scarcity took hold as attempts were made to replace corn with wheat, rice, and other grains. Within months, the effects had spread worldwide.|