More and more, everywhere I look, I’m seeing stories about rising prices for basic foodstuffs – today it is milk in Germany. It sounds like it has been kept unnaturally low, but still it is interesting the reason being given – Chinese demand.
Bring together droughts in Australia, eastern Europe and America, floods in north west Europe, meaning falls in supply;an explosion of biofuels; and that Chinese demand, you’ve got a potential recipe for very serious food price inflation – or as it is being called agflation.
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