If you havent bought 500lbs of rice by now, its about too late for you. Just my opinion. Ive been buying in bulk for 2 yrs and watching the prices go up. 2 days ago they hung signs limiting how much per family. This was at an over stock warehouse. A 50lb bag of dry beans was $28 a few months ago. All you can haul. 2 days ago, $39.50 limit one per family. Its gonna get worse. Consider all the bread we're buying today was last years crop. We allready know next years crop is fucked. Just one example.
Strangely, it’s not everywhere, worldwide but with exceptions. Where I’m at, prices are slightly more than last year. Maybe 1/3 of items are up 5%. No shortages whatsoever. Meats, baby formula, it’s normal. Eggs are the only real indication, I think cost to produce eggs world wide is fairly similar based on world grain prices. Commodity eggs went from 3.25 for a flat of 30 to $4.
Your comment reminded me of this: China is working toward farming GM crops which will increase thier yields and leave countries supplying China with excess capacity. That implies that there will be excess food where I am, and not a shortage. Currently no shortages here, but rampant inflation.
(post is archived)