> And the price has tripled because
>
> --the dollar is sinking
> --fertilizer is oil based which has doubled
> --???
The WSWS has a useful summary of what is going on:
"Severe food shortages, price spikes threaten world population" http://www.wsws.org/articles/2007/dec2007/food-d22.shtml
Among other things, it appears that speculative capital, which has forsaken the credit market, is now focusing on commodities.
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Colin Brace
Amsterdam