Wednesday, Aug 29, 2007
Food prices will rise !
The Times Online: Meat prices rise as East turns West for food
Consumers are likely to be hit by price rises for meat and dairy products as the Far East competes with the West for stocks, market analysts claim. Farmers are facing increasing costs for livestock feed and the supermarkets will, sooner or later, pass the increases on to the consumer, according to Deloitte & Touche LLP.
Yeh, let's put interest rates down. Noone eats anymore - that's so last year, daaaling.
Posted by onyerhike @ 08:43 AM (458 views) Add Comment
11 Comments
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1. waitingfor hpc said...
no no NO!
You have it all wrong i tell you. Inflation is DEAD, DEAD you hear me?
CPI has dramatically fallen to 1.9, all is now good. Petrol has dropped (NOT!), food is now cheap as we had a price war. And all the shops have massive sales to attract customers .
I think the farmers are making all this up to get more greedy profits like the bankers!
lol ... i keep reading that IR's will drop now and we will all be running as normal in 6 months.
2. Onyerhike said...
If we all turn vegan, meat and dairy produce prices don't matter. Quick, update the CPI. Marmite sandwich for lunch, anyone?
3. tyrellcorporation said...
The steaks are high indeed!
Hasn't wheat doubled in the last 6 months too?
Is there any evidence of inflation being imported from China yet?
I can't see much room for emergency cuts in IRs.
4. Seanb303 said...
tyrell
it was £60 a ton 2 years ago now its £200 and going up every month
so much for the cpi dropping from 2,4% to 1,9% overnight
5. Mark said...
nothing like a bit of british meat...lol
6. Cstanhope707 said...
Simple Just take food out of the inflation measure SORTED!!!!
7. shipbuilder said...
I reckon a lot of farmers will go out of business before Tescos raise their prices. How long before a 'imported food branded as British' scandal?
8. Ah-so said...
Inflation caused by increased demand from another economy for a good in limited supply is not in itself a reason to raise interest rates, even if it leads to higher inflation. It may well lead to LOWER interest rates over time, as consumers will have less money to spend on other things/
9. mrmickey said...
Shipbuilder yep the big supermarkets now control our food supply it's only a matter of time before were importing lead tainted milk from China/Romania/Mongolia or whoever will do it the cheapest.
10. Mark said...
well there is one way around it, buy direct from the farmer, we do .
we buy from www.northwalesbuffalo.co.uk
11. Cristiano Barbaro said...
About the wheat now...
Weren't we all told that due to GATT and WTO agreements (which forced our nations to eliminate grain emergency stocks) we would all be much better off now? Hooray for the "free" market. The story about Eastern imports is pure rubbish. India and China have been able to feed themselves for years, even though barely. The truth is another: big corn production in the US is being stupidly and immorally shifted to cater for fuel. Europe is also following suit in its own stupid way. All to appease the science/people haters in power and the media, as they push their genocidal agenda on the rest of us. Brainwashing us of course first with "theories" on how it's all in our best interest. There is no other word to describe it, their nazi-like behaviour. Let the food cost more, and of course prevent the third world from developing any real industrial base by promoting "green" concepts. Well the third world can have solar panels mate! 20K Euro for my house's electric self sufficiency if I want to install some and sell back to the grid. Of course a hut in Africa can have some too (NOT!). And I live in a sunny country in the Mediterranean, I laugh at the Brits who think they will manage to get by with alternative energy. Sure, bring on the Emily Bronte times again!