Why Stock up today! Lock in today's prices for tomorrows food!
Global food prices continue to rise, though not uniformly for all grains.The World Bank’s food price index rose by 15% between October 2010 and January 2011, is 29% above its level a year earlier, and only 3% below its June 2008 peak (figure 1). A breakdown of the index shows that the grain price index remains 16% below its peak mainly due to relatively stable rice prices, which are significantly lower than in 2008. The increase over the last quarter is driven largely by increases in the price of sugar (20%), fats and oils (22%), wheat (20%), and maize (12%).
We all know food has done nothing but go up since January. Food is an excellent investment in today's tough economical climate.
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