New Report (from Commodity Online): Commodity prices are currently dropping, mainly on expectation of favorable crop prospects but also because of a slowing world economy. This could mean a cutback in plantings followed by reduced harvests in major exporting countries. Given continuing low grain stocks, this scenario could lead to another turn of record food prices next year – a catastrophe for millions who by then would be left with little money and no credit.
My Comment: The fact that the prices are decreasing – especially for food – seems like a good thing. However, everything in our world is heading for the worse because it is built on egoistic relationships.
The drop in prices makes it unprofitable for farmers to seed large fields. This will lead to smaller harvests. a sharp rise in prices, and then to hunger. It’s a paradox of our egoistic world: cheap food causes hunger!