Quote:
Originally Posted by $5 submissions
I would think that with lower oil prices, food prices would go down. The rising cost of transportation and petroleum-based fertilizers were the most frequently used justifications for the food price inflation here. Food (namely rice) prices haven't gone down commensurate with oil.
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Global food shortage is to blame for rising food costs. Some Visa merchant banks in Canada won't give Visa to restaurants anymore because and I quote "Global food shortage will make your business unsustainable".