Thread: Food prices to clime rapidly in LoS and elsewhere!

From:

Why the price of 'peak oil' is famine - Telegraph

Vulnerable regions of the world face the risk of famine over the next three years as rising energy costs spill over into a food crunch, according to US investment bank Goldman Sachs.

"We've never been at a point in commodities where we are today," said Jeff Currie, the bank's commodity chief and closely watched oil guru.

The key is going to be agriculture. China is terrified of the current situation. It has real physical shortages," he said, referencing China still having memories of starvation in the 1960s seared in its collective mind.

The current "supercycle" is a break with history because energy and food have "converged" in price and can increasingly be switched from one use to another.
Corn can be used for ethanol in cars and power plants, for plastics, as well as in baking tortillas. Natural gas can be made into fertiliser for food output. "Peak Oil" is morphing into "Peak Food".

...As if inflation here was not high enough already!

yeah wheat I believe has doubled or tripled in the last year,

Agro is the new Oil, so start buying those farming stocks because it will get worse,