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The Fed is fuelling the catastrophe of fast rising raw material prices

October 28th, 2010
Categories: News, Iraq

Link: http://refreshingnews9.blogspot.com/2010/10/fed-is-fuelling-catastrophe-of-fast.html

The OECD predicts that by the end of the decade, average wheat and coarse grain prices will be 15pc to 40pc higher in real terms. The answer to this question, according to a recent OECD and UN Food and Agriculture Organisation report is a definitive no; global agricultural production is on track to satisfy the expected long-term increase in demand, the OECD reckons. Yet it's little thanks to public policy, which in combination with the current craze among financial speculators for commodities, seems hell bent on driving up prices to what for millions of the world's poor may be starvation levels.

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