The Real Inflation Fear – US Food Prices Are Up 19% In 2014

Courtesy of Zerohedge:

We are sure the weather is to blame but what happens when pent-up demand (from a frosty east coast emerging from its hibernation) bumps up against a drought-stricken west coast unable to plant to meet that demand? The spot price (not futures speculation-driven) of US Foodstuffs is the best performing asset in 2014 – up a staggering 19%…

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h/t Bloomberg’s Chase van der Rhoer

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