Food Prices and Drought
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It doesn’t take a Nostradamus to predict the upcoming consumer rip-off by the food industry. Using the present drought as a reason, breads, cereals, pastas, flours, and all other grain containing foods will increase in price far more than the higher basic grain price resulting from the drought justifies.
Take wheat for example; even if its price on the Chicago exchange doubles from the early year $3 a bushel to $6, that is only a 6-cent per pound increase! I’m sure we pay more for the packaging than the contents of a 10-ounce box of cereal. A consumer can’t even buy sand and gravel or bottled water for 6 cents a pound!
T.M. LUBISICH
Malibu
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