View Single Post
Old 11-21-2008, 03:01 PM  
jact
Confirmed User
 
Join Date: Sep 2002
Location: Oakville, Canada
Posts: 9,134
Quote:
Originally Posted by $5 submissions View Post
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.
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".
__________________
Free agent
jact is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote