Rising price and stock levels
Was looking at the food price levels for 2010, and we seem to have missed the fact that it jumped 32% in the last 6 months of 2010 (breaking the 2008 price levels)
Grain harvests were very poor for the main producers (Australia, Canada and Russia account for 16.5% of the worlds entire grain production and grain exports). The vast majority of the crop in Australia has washed away because of the flood. I am not talking about just wheat. I mean wheat as well as barley, and any other grain food.
This would put ratios of stock levels to levels (grain stock levels VS Demand levels) unseen for at least 40 years.
Already high oil levels are not helping.
If oil prices keep going up, food will get more expensive (shipping etc), and there will probably be a few riots in 2011 in Kenya and Somalia like in 2008.
Prices for tea will rocket if that happens (Kenya produces a lot tea).
