Your Grocery Bill Will Be 20% Higher in 2011

Summer Droughts and Fires Cause Wheat Prices to Soar

Summer Droughts and Fires Cause Wheat Prices to Soar

Can you imagine your grocery bill being 20% higher in 2011?

A United Nations report on Wednesday warned that food prices could rise by up to 20% in 2011. Here’s why:

  • Prices of wheat, maize, and other foods have risen by 40% in just a few months.
  • Sugar, butter, and cassava prices are at 30-year highs.
  • Meat and fish are significantly more expensive than last year.
  • Food analysts predict that 2011 will not be a good harvest.
  • Global food imports will top $1 Trillion Dollars in 2010 (translation: food production is down).
  • Russia has banned wheat exports, sending global wheat prices soaring.
  • Generous subsidies for biofuels have lured farmers away from growing crops for food.
  • A falling US Dollar means higher food prices for everyone outside of the US.

In addition, global food reserves stand at 74 days, a figure that is expected to decrease significantly in the coming months. “Cereal reserves may drop by around 7%, barley by 35%, maize 12%, and wheat by 10%”, said the UN report.

The only thing you can do to protect yourself is:

          Store food and water for your family

You can start right now. How would you like to feed a family of four for a month and a half?

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