United States consumers face ‘nightmare’ as China drives up meat, grain prices

As the growth of China pushes meat and grain prices higher, the US consumer faces a nightmare scenario, the end of cheap food for Americans.

Already one of the world’s biggest grain users, China’s appetite for corn, wheat and other farm commodities is poised to expand significantly over the next decade as the country’s people “move up the food chain,” adding more meat and dairy products to their diets, Brown said in a March 23 conference call with reporters. Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.