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I live with the rice eaters and eat it almost every day. No sign of any crisis yet. I know I'm not paying $14.50 a lb either.
And watch for the price of rice and wheat to determine the ever increasing likelihood of being pistol whipped as you walk away from your ATM.
Every market action has a real world reaction.
And so it goes....
$14.50 is per hundredweight which is 1/1000 of a contract.
Waste in the supply chain will be brought under control, before there's any sort of 'shortages'.
This is just as ridiculous as those who claim rising coffee prices will hurt Starbucks, when there's all of maybe 5 cents worth of coffee in a $5 latte.
If reason is the guiding principle in markets, then why is Priceline at nearly $400? Gold only at $1300 and change? Katie Couric still on T.V. or Babawawa still there, too? Martha serving time for a few thousand in profits while Joe Cassano is planning his next heist? Stan O'neal, Dickie Fuld, Larry Fink, Barney Frank, Chris Dudd, Lord Blankfein, Bill Clinton, George Bush, Charlie Rangel, (the late) John Murtha, et al not in Orange Jump suits?
The world is a sad sad frustrating place for those who only have very reasonable minds.
Priceline nearly $400? What the hell? They're a freakin discount travel agency. Goddamn, that's hilarious.
I was recently in China. Rice production is barely mechanized yet. Rising yields will make bullshit out of all your long term arguments.
I was recently in China, too. Very plain what the declining EROEI for oil will do to your argument.
I'm ready to sell all mine, today, for $14.00 a pound.
I have about 500 lbs in the basement.
I will deliver.
What about the WORLDWIDE fertilizer cartel ? re: MOS , POT , AGU , CF
What is best way to store rice in the home ?
Better yet, from my grandma.
Put one bay leaf per 5lb of rice in the bag. It works. There is something in the smell that prevents microbe attacks.
Better stilll, plant a bay laurel tree (Laurus nobilis).
Buy a food sealer, buy rice in bulk, buy desiccant bags online; heat the rice in an oven at 185 for at least an hour to kill of microbes, seal the rice with desiccant, check yearly. Rice is very easy to keep, and greatly expands when cooked so you can optimize your storage space per unit volume. Properly stored rice can go decades easily, but be sure to check for rot from time to time(a sign you didn't kill off all microbes). I remember reading about a discovery of grain urns from hundreds of years ago, apparently kept so well they were still edible.
per hundred pound?
$14.50 a pound? better check your numbers and decimal points...idiot
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