The price of corn has shot up 8% during the week of Oct. 11 alone, bringing the total rise to close to 50% in the last three months. As farmers cull herds to save feed costs, meat supplies will shrink — and the price of hambur…
Cotton prices jumped to a record high on Friday on strong Chinese demand and the prospect of reduced supply.
In New York, ICE December cotton futures touched 119.80 cents a pound, the highest price since 1995, The Financial Times reported.
Rising cotton prices will mean higher clothing prices, especially in low-cost items such as t-shirts and underwear. Jeans-maker Levi Strauss has…
Continue reading Cotton Prices Jump to Record High
Cotton Prices Jump to Record High originally appeared on DailyFinance on Fri, 15 Oct 2010 06:26:00.
Filed Under: Green, Retail, Market News
Bad weather that is reducing crops yields, increasing global demand and a greater push for bio-fuels are all playing havoc with corn prices, which affect costs throughout the economy.
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A fungus is quickly wiping out most of North America’s bats. Bats eat vast quantities of bugs that would otherwise eat crops, so if researchers can’t save them, U.S. agriculture will suffer.
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The burger or bacon you put on your plate is likely at its most expensive since the 1980s, and it’s only going to get pricier.
The surging price of corn futures – which allow farmers to lock in the price of the grain for an extended period – means fe…