Trader Dan has been mentioning the grain prices lately. Might not take much to get an inflationary mind set going as in the last PM rally. http://www.smh.com.au/business/higher-food-prices-coming-to-a-shop-near-you-20120718-229vk.html
Thanks, the days of luxurious lawns are slowly on their way out. I reckon we'll see the rise of backyard (and frontyard) vege gardens sooner than we think. The ethnic suburbs did it very well I reckon
That can only be a good thing. And we would all be a lot healthier if we cut our grain consumption too. Backyard vege gardens and chooks make sense in so many ways. Economically, educationally for kids, growing heirloom varieties, eating seasonally.
And that's exactly what caused the last PM rally. An inflationary "mindset". Nothing to do with silver shortages, bull market heating up etc etc. Silver was swept up in illusionary inflation the same as most other commodities. Now they've all gone pop. C
don't know about illusioniary, grains went burko on the drought in russia from memory. they are starting to do the same again with the drought in the US. other commodity rallied, in part, in response http://quotes.ino.com/chart/index.html?s=NYBOT_CR&t=&a=&w=&v=dmax
Scary similarities with the 'dust bowl' in the US in the thirties and the current drought and loss of harvests in the USA. That of course came on the tail of the depression and brought forth untold misery and if the truth be told, more than a possibility of uprisings. I remember as a schoolchild visiting Italian and Yugoslav homes and being amazed that they didn't have lawns, but rows and rows of tomatoes and unidentifiable vegetables (we discovered not to take vegetables uninvited when we found out they grew hot peppers as well! lol. There's some brilliant work in permaculture and I have a friend living in Philip Island who gets almost all of her vegetables from plants hidden amongst the ornamentals.
Going back to growing our own veg is a great way to get reconnected with Nature, get some sunshine and incidental exercise and maybe get to know our neighbours (again) when we start a barter system running in our neighbourhoods. There's got to be an upside to this!
$316 a tonne? How many chickens will that feed & how many eggs will he get for a tonne of food ? I think hes had it too good for too long . $316 a tonne that sounds really cheap if you ask me
Yeah i understand it would be stock food grade i was thinking of the price of eggs & how minute the cost of a tonne of food was .
fair point, the article says 60% of the cost is in the grain. seems a lot but I guess the capital cost get defrayed over time.
I can hedge you all with Beef! lol. Because the USA is in the crap with drought, we Australians will pay for it. Demand will push up the grain prices and in turn, beef prices,milk prices, etc. If they want our food grade grain, then watch flour go up.
The La Nina event last year was good for Australia, except the WA wheat belt, but bad for the US. Many in the US are deeply worried about food shortages this coming fall and winter. Its all swings and roundabouts, most commodities traders would have started going long on US agricultural stocks and shorting discretionary consumer stocks the moment that the Australian Bureau of Meteorology announced the La Nina extensions into a second year.
Its already a concern in the US. http://www.marketwatch.com/story/li...ed-supply-2012-07-18?link=MW_home_latest_news
Adzani, I bought a pack yesterday, ostensibly for the kids, but got the 2am munchines...so there are a few less now in the cupboard. They still taste exactly the same, but are over 4 bucks a packet now :-(
There are more articles about the drought in the US. Hope this doesn't exacerbate the prolbems in the middle east, food prices were a factor in the arab spring from memory http://www.telegraph.co.uk/finance/...t-since-1956-threatens-world-food-crisis.html.
