Agflation Hits Rice - Prices Up 50% in 2 Weeks

By: TraderMark Sunday, April 06, 2008 10:37 PM

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We've been talking about the coming food crisis due to "agflation" (accelerated with central banks flooding the world with paper money) for a long time. (Mar 31: Reuters - Tensions Rise as World Faces Short Rations). The past 2 weeks we've been focusing on rice, but I was blown away by this article I was reading today, that says rice has increased by 50% in the past 2 weeks, and 10% Friday alone. Shocking. Especially considering this is a staple food for much of the globe.

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