Filed under: Farm, food, hunger, Politicians, Politics | Tags: Asia, cheese, farm, Food, hunger, politics
News from Bloomberg Press -- "Asia’s growing appetite for pizza and cheeseburgers means the U.S. is exporting the most cheese ever, boosting costs for Kraft Foods Inc. Wholesale cheddar cheese prices have rallied 49 percent this year as the U.S. shipped more than twice as much to Asia in the first four months of 2011 as a year earlier." The growing prosperity of Asia is drawing processed foods, especially proteins, out of U.S. markets. I expect food prices to increase as world wide demand increases. The rest of the world wants to eat like we do, and as they are increasingly competing with the developed countries for protein, you can expect world food prices to increase.
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