Speculation playing big part in raising food prices: gov't report

Wednesday 16th July, 04:21 AM JST

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

rajakumar at 06:56 AM JST - 16th July

Funds seek higher profits, so they may be buying more into commodoties for growth.

Post iraq war US economy, pre-new administration talks,US dollars,Fannie/Freddie(debt woes) and high energy price woes,not encouraging funds into other sectors of economy.

Food,oil and commodities sector is good for fast money moves for stability and growth.

2008/2009 will be a challenging business change and business transformations years for leaders/nations.

Fastest to change companies will do well, as they change from obsolete ways to meet future needs.
westurn at 07:04 AM JST - 16th July

More hogwash from a "nameless group" of government officials. Sorry kids, I was in the US recently and I didn't see any of the drastic price increases like here in Japan. This is a made in Nippon problem that local officials need to address. I mean melons go for less than 100 yen outside of Japan ! Cake mixes (with all that flour ?) 100 yen a box ! Bread ? three times the size of Japanese loaves for 200 yen !

The only thing that has seen price increases are restaurant and food service products, otherwise folks outside Nippon on the other side of the pacific pretty much go about their daily life as usual... no crisis there ! Why so in Japan ??? Closed markets maybe ? Government interference ? A silent and mum consumer base that simply doesn't know how to say "enough is enough" ! A combination of the three ? I think so... but "subprime" ??? Bwahaha !