Food commodity prices shot up 4.2% in June, steepest in four years says FAO

Thursday, July 14th 2016 - 07:23 UTC

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International food commodity prices shot up 4.2% in June, their steepest monthly increase of the past four years. The FAO Food Price Index averaged 163.4 points in June and is now one percent below the level reached a year earlier. The June rise, which affected all commodity categories except vegetable oils, was the fifth consecutive monthly increase. Read full article

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Marti Llazo
It seems as though not all of Argentina is behind this wacky idea of producing goods and services as a way of paying the bills. So what better thing to do than to go on strike and increase the national deficit, lower the gross national product, kick up the inflation rate, and accelerate the arrival of the inevitable next major default !

“A Strike Set To Block Major Ports In Argentina - Corn and soybean exports threatened”

http://www.agriculture.com/markets/analysis/crops/a-strike-set-to-block-major-ports-in-argentina

With workers like these, who needs terrorists?

Article: “The truck owners union says that ”there is a huge necessity to increase freight tariffs,”.......

Apparently there is a huge necessity to increase freight tariffs, but not a huge necessity to reduce the massive energy subsidies to wasteful users.

Article: “Soybeans Close 43¢ Lower - Corn finished lower too”

Well, there goes Argentina's hope for any sort of revenue for this year.
Jul 15th, 2016 - 12:16 am - Link - Report abuse 0
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