More and more humans will be competing with cattle and other “meat animals” for wheat and grains.
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The future of overall food-price inflation is inevitable, as Wal-Mart reportedly has already hiked prices amid a recent jump in wheat prices and the failure of the Russian harvest.
A JPMorgan survey of supermarket pricing in Virginia showed a 5.8 percent increase in average prices at Wal-Mart, The survey compared a 31 item like-kind basket at a Wal-Mart Supercenter, Kroger, Safeway, Harris Teeter, and Whole Foods, the Business Insider reported.
Global fundamentals are supportive of a long-term rise in the price of food,
The UN’s Food and Agriculture Organization forecasts that total world demand for agricultural products will jump 60 percent , rising much more rapidly than the population
