Farmers Fail to Meet Demand as Corn Stockpiles Drop to 1974 Low (Bloomberg news)
“This has been a demand-driven bull market,” said Jim Farrell, 56, the chief executive officer of Omaha-based Farmers National Co., which manages more than 2.4 million acres on 5,000 farms in 24 states.(min utheving)
“I do not think we can see a big enough increase in U.S. acreage to rebuild inventories back to a comfortable cushion in one year,” he said. “It is going to take two years of good weather and good yields. There is absolutely no room for any weather problems anywhere in the world this year.”
Den ellers optimistiske Lester Brown:
Everything now depends on this year’s harvest. Lowering food prices to a more comfortable level will require a bumper grain harvest, one much larger than the record harvest of 2008 that combined with the economic recession to end the 2007-08 grain price climb.(World One Poor Harvest Away From Chaos)
If the world has a poor harvest this year, food prices will rise to previously unimaginable levels. Food riots will multiply, political unrest will spread and governments will fall. The world is now one poor harvest away from chaos in world grain markets.
Det er på tide å blote til Frøy.
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