Wheat prices are sky high?!?

[JEDI]

a few months ago i picked up a few boxes of spaghetti at walmart for like $0.60 each. each box is a pound.
bread was like $0.99/loaf.

today i went and the spaghetti was $1/box, and the bread was like $2.50.

WTF?!

i can understand things made w/corn being high since we are canabalizing it to make biofuel.

but wheat?!

What's going on?

 

[Gibson486]

How are they delivered?

 

[KLin]

Originally posted by: JEDI
a few months ago i picked up a few boxes of spaghetti at walmart for like $0.60 each. each box is a pound.
bread was like $0.99/loaf.

today i went and the spaghetti was $1/box, and the bread was like $2.50.

WTF?!

i can understand things made w/corn being high since we are canabalizing it to make biofuel.

but wheat?!

What's going on?

More corn is being grown which means less wheat fields.

 

[ponyo]

http://seattlepi.nwsource.com/...118_costlywheat15.html

Prices have come down since then but wheat is still expensive. Pretty much all agriculture commodities have experienced big price hike. Expect meats like chicken and beef to be lot more expensive next year. Even Costco has said expect price increases on meat next year due to higher feed cost for chicken and cows.

 

[nerp]

Where have you been for the last six months? Wheat prices have basically tripled in the last year. The reasons are numerous and intertwined. Pick up a newspaper now and then -- people have been watching and reporting on this for quite some time.

 

[George P Burdell]

Looks like Norman Borlaug needs to work his magic again.

 

[KIRBYEE]

Protectionism. :thumbsup:


No seriously, why can't the US and EU open their agriculture for competition?

 

[darkswordsman17]

Just checking, but you are comparing the same brands and type, right?

Prices have risen pretty steadily here for the most part, with I believe eggs the only one that really saw a spike in price. Average bread loaf is about $2 here I think, with $3-4 for the nicer brands/types (which used to be about $2/2.50 a loaf a few years back).

Things are pretty screwed up though, to say the least. If you remember the pet food recalls a year or two back. Well one of the main factories is located in I believe Hutchinson in Kansas, you know the Wheat State. Well, as it turns out the issue was with the wheat they received, which was traced back to China. However, can someone explain to me, WTF they were doing importing wheat from China into Kansas? Yes, it is likely because the processed wheat is cheaper, but that still makes so little sense its not even funny.

 

[desy]

Now imagin you live in Bangladesh where price of food ate up 50% of your income before the commodities jump?

North Americans have nothing to complain about

 

[KingGheedora]

Pretty much all food commodities have skyrocketed in price the past few months, all around the world. Rice, wheat, corn, produce. Everything they go into making will or has jumped in price. Countries that export these commodities, like Brazil, are having a nice time of it. A lot of people in third world countries who were on the border of poverty are now officially below the poverty level as a result and cannot afford things like meat that we take for granted.