Sunday, January 20, 2008

we've all heard about the price of corn ...

... but, here is another aspect of the increased cost of oil, and the effect of increased demand on 'other' oils (which are used nationally and globally for BOTH kind of calories!).

A New, Global Oil Quandary: Costly Fuel Means Costly Calories - New York Times
From India to Indiana, shortages and soaring prices for palm oil, soybean oil and many other types of vegetable oils are the latest, most striking example of a developing global problem: costly food.

The food price index of the Food and Agriculture Organization of the United Nations, based on export prices for 60 internationally traded foodstuffs, climbed 37 percent last year. That was on top of a 14 percent increase in 2006, and the trend has accelerated this winter.

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