Japan Rice Futures Surge 40%, Trigger Circuit Breaker On Concerns Fukushima Radiation Will Destroy Crops

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Mon, 08/08/2011 - 00:25 | 1535630 Bindar Dundat
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Poop!  This stuff is getting serious! (Millions will die)

Mon, 08/08/2011 - 05:05 | 1536007 mophead
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Bitchez,

Did I not say to expect food prices to rise because of fukinshima? All these little disasters are either purposely created or hyped to drive up prices. And as I've said before, over and over, expect this shit to continue around the world. What people don't understand is that it's not that simple to create price inflation through money printing. And driving up the price of oil has its limits, especially if you live in say, California. Sometimes you just have to disrupt the supply chain of whatever it is you're trying to manipulate. In the case of food, it's not that hard, you do it through droughts, contamination, environmentalism (quotas on water), etc.

Edited: Oh, btw, if this stuff catches on, expect other crops, FAR FROM JAPAN to be affected, such as in California, Oregon. Watch and see, you heard it right here.

 

Mon, 08/08/2011 - 05:37 | 1536198 goldfish1
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Edited: Oh, btw, if this stuff catches on

Be specific what you mean by "this stuff".

expect other crops, FAR FROM JAPAN to be affected, such as in California, Oregon.

Specifically, what crops?

 

Mon, 08/08/2011 - 08:10 | 1536392 FEDbuster
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Let them eat cake (just not rice cakes).  Rice was $19. /50 lb bag at Sam's Club yesterday, guess I'll go down and buy a couple more bags for the bunker.

Mon, 08/08/2011 - 09:47 | 1536717 sullymandias
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Millions will die? A million is 0.015% of the world population. Sorry, you haven't scared me yet.

Mon, 08/08/2011 - 00:24 | 1535631 TruthInSunshine
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Totally and gratuitously OT, but if anyone sees RoboMomoFaderTrader, tell him gold called, and said "Beeeeeeeoooootch!"

Mon, 08/08/2011 - 00:42 | 1535726 UGrev
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Epic... :D

Mon, 08/08/2011 - 00:29 | 1535648 Doyle Hargraves
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The real effect of the G7's statement on liquidity: Food riots, SHTF, Bitchez!

Mon, 08/08/2011 - 00:57 | 1535798 franzpick
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Since Lehman, I have accumulated in an AC'd storage unit of 1 year's food supply for 22 otherwise totally unconcerned family members; now I am realizing that I, and my prepper friends and family, when the riots start, may have to maintain an armed defense of that storage unit.

We'll be totally outnumbered and outgunned by the local gangs, and my immediate plan B is to arrange a truck transfer of the food storage items to a nearby, isolated, mountain retreat, but it looks like the 'you can run but can't hide' scenario may be developing.

Mon, 08/08/2011 - 01:20 | 1535899 AhhhItBurns
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Be sure to have a contingency plan for when the supplies runs out. Seed and drinkable water will play a crucial role. Seeds are also one of the things to be overlooked as soon as SHTF and the herds run with whatever they can get their hands on in the supermarket.

Mon, 08/08/2011 - 02:24 | 1536054 dolly madison
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I've been stocking up on small animals myself as well as seeds.  I have dwarf dairy goats, chickens and rabbits.  It's important for where I live, the high desert.  Our growing season is short.  I will need to depend more on animals.  Rabbits are a good choice.  They can be kept as pets anywhere.  They are small for travel, make meat out of eating things that you can't, and breed quickly.

However, I think we all still have some time.  The end is not here yet.  Right now, most food futures are down.

Mon, 08/08/2011 - 07:19 | 1536305 Thomas
Thomas's picture

gerbils

Mon, 08/08/2011 - 11:25 | 1537298 Doyle Hargraves
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I thought I was the only clown stuck in the High Desert. I plan to stay in place and defend, but if I have to bug out, I will creep to the Sierras via paths untraveled and remote. From that point have a predetermined safe place with supplies on hand, and am very familiar with the general area and sympathetic locals for foraging and hunting/fishing. You are right though not much of a growing season here, but some fruits and veggies are fairly easy to grow. We used to raise rabbits, chickens, and swine for food when I was younger, and may get into that business again very soon.

Mon, 08/08/2011 - 00:28 | 1535657 Thomas Jefferson
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I like my rice burnt.

Mon, 08/08/2011 - 02:09 | 1536031 IQ 145
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Put the rice and the water in the rice cooker; you don't even have to plug it in. What's the problem?

Mon, 08/08/2011 - 00:29 | 1535666 macholatte
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The Kiwi and Aussie are crashing.  Why?  

Any ideas?

Mon, 08/08/2011 - 00:34 | 1535691 TruthInSunshine
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Because their main trading partner, with whom they export massive amounts of mined products to, is crashing.

Australia and New Zealand are tied to China's fate, but if China catches a cold, they catch pneumonia.

Mon, 08/08/2011 - 00:44 | 1535742 Ahmeexnal
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and if China catches chlamydia....

Mon, 08/08/2011 - 00:48 | 1535757 TruthInSunshine
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Australia and NZ get a bunch of hairy crabs?

I'm not sure. I do know hairy crabs are a delicacy in China.

Mon, 08/08/2011 - 02:10 | 1536032 Manthong
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Drink enough Fosters and they are in Aus or NZ.

Throw another hairy crab on the barbie, mate?

Mon, 08/08/2011 - 07:06 | 1536287 TheFourthStooge-ing
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and if China catches chlamydia....

Australia and New Zealand clap?

 

Mon, 08/08/2011 - 01:38 | 1535957 macholatte
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Thanks. That was my thinking too and in the absence of any other news there was nothing else to speculate about.

Chinese demand for food will not change which is both Aus & NZ. Demand for materials, ore, industrial metals, etc. will, of course, deteriorate as that demand slows, which is mainly Australia.  Logically, a slow down in manufacturing should affect Aus more than NZ. However, I have heard it said that there is some kind of linkage between the Kiwi and the Aussie so they move somewhat together with the Kiwi being more fragile.

Who knows anymore with the intervention that is going on. Maybe the central banks decided to raid Aus & NZ to prop up another currency.

Mon, 08/08/2011 - 05:54 | 1536212 Pay Day Today
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Australia is New Zealand's major trading partner. Australia is just starting to fall off their cliff now, driven by a China slowdown and a massive private debt overload.

Mon, 08/08/2011 - 00:48 | 1535761 qussl3
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If this runs true to form, you aint seen anything yet.

Wait for the RBA rate cuts for some epic lulz.

Mon, 08/08/2011 - 00:49 | 1535766 gwar5
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Possibly, Western financial woes mean China's Western retail customers will go away, resulting in less demand for those Aussie resources. Tyler mentioned slowdown in China tonight. Am not sure if Kiwi moves in sympathy with the AUD. Maybe retail is buying gold downunder now too.

Agree seems we're missing the usual lag time. Of course, there's always the fear of holding any fiat. No other ideas, unless there is an unknown unknown.

Mon, 08/08/2011 - 00:30 | 1535671 astartes09
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This is why China cant be a super power.

Mon, 08/08/2011 - 00:31 | 1535673 DoChenRollingBearing
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SJGR yet again. Poor Japan.

Mon, 08/08/2011 - 00:33 | 1535684 fuu
fuu's picture

Shit Japan Got Radiated?

Mon, 08/08/2011 - 01:27 | 1535922 DoChenRollingBearing
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"Shit Just Got Real"

ALL of abovd above contribute to SJGR...

Mon, 08/08/2011 - 00:32 | 1535678 President Palin
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This is sad.  People will starve.  Glow in the dark rice is no fun to eat.

Mon, 08/08/2011 - 00:33 | 1535686 Thomas Jefferson
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Maybe they can import some of the Chinese rice made of plastic.

Mon, 08/08/2011 - 01:12 | 1535862 SYantiss
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And lead... Mmmm... Lead...

Mon, 08/08/2011 - 00:35 | 1535702 user2011
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Why do you need rice when you are powered by radiation dust ?

Mon, 08/08/2011 - 00:57 | 1535799 zorba THE GREEK
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Maybe they should do like Mexicans and eat corn products.

Mon, 08/08/2011 - 02:05 | 1536025 Mec-sick-o
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They will lose their favorite spirit & staple.

Mon, 08/08/2011 - 00:33 | 1535685 urbanelf
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My nerves are going.  I am going to snap very soon.

Mon, 08/08/2011 - 00:58 | 1535805 zorba THE GREEK
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Calm down, this is just transitory.

Mon, 08/08/2011 - 00:34 | 1535688 gwar5
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That really sucks for them. I still feel bad for Japan. Thinking their ground water is going to be contaminated too. There'll be no end to it for them. 

Mon, 08/08/2011 - 00:34 | 1535689 NuckingFuts
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Good luck and God bless. We are in it now, see you on the other side.

I am Nucking Futs and I support this message.

Mon, 08/08/2011 - 00:34 | 1535690 user2011
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It take them 4 months to realize that ?    Also, last week, they had flash flood in two rice producing prefectures.  What take them so long to figure it out ?

Mon, 08/08/2011 - 00:59 | 1535809 Doña K
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Don't panic. Rice is a few times more expensive in Japan than elsewhere. Yes it's silky and tastier, but so what? South Korea will be more than happy to sell as much as they want. With the YEN/DOLLAR at 87, they can even buy 1/4 of Korea.

Mon, 08/08/2011 - 00:34 | 1535693 Mugatu
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Fried Rice! Pretty soon "100% RAD Free" labels will show up at the supermarkets as a selling point. 

Mon, 08/08/2011 - 00:53 | 1535784 Hansel
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Been taking crazy pills again Mugatu?  :|

Mon, 08/08/2011 - 00:58 | 1535802 caerus
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Have you ever wondered if there was more to life, other than being really, really, ridiculously good looking?

Mon, 08/08/2011 - 02:14 | 1536041 IQ 145
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No, I never did. Is there?

Mon, 08/08/2011 - 01:13 | 1535871 Mugatu
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Ahhhh!  Your talking loco and I like it!

Mon, 08/08/2011 - 00:34 | 1535695 Life of Illusion
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Japanese don’t like Thai/Vietnam rice. Furthermore they will not grow/allow GMO rice in their country.

I bet they would love to purchase some USA GMO non cesium rice with that strong yen today.

 

Mon, 08/08/2011 - 00:35 | 1535696 Jack Napier
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What's this got to do with the price of rice in China?

Mon, 08/08/2011 - 00:35 | 1535697 Caviar Emptor
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Let them eat liquidity! 

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