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Farm Business
Agricultural Matters
Food price inflation
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<blockquote data-quote="Brisel" data-source="post: 7450778" data-attributes="member: 166"><p>These people still only spend <20% of their income on food. The UK national average is around 8%. Go to the developing world and the % of household income spent on food is far higher. Food price riots will not be in Europe at first.</p><p></p><p>Why is there a bull run on commodities? I can't see a reason for it other than a drawdown on grain stocks & Chinese buying resources again. The FTSE 100 is still only at 2017 levels though climbing. The DAX is about level with late 2019. The Dow Jones & Nikkei are above the pre Covid levels.</p></blockquote><p></p>
[QUOTE="Brisel, post: 7450778, member: 166"] These people still only spend <20% of their income on food. The UK national average is around 8%. Go to the developing world and the % of household income spent on food is far higher. Food price riots will not be in Europe at first. Why is there a bull run on commodities? I can't see a reason for it other than a drawdown on grain stocks & Chinese buying resources again. The FTSE 100 is still only at 2017 levels though climbing. The DAX is about level with late 2019. The Dow Jones & Nikkei are above the pre Covid levels. [/QUOTE]
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