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Old 03-29-2008, 10:24 PM   #1
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Price of flour going up

I don't know if you all have heard this already, but I heard the the price of flour is supposed to go up 300% by the end of the summer so stock up. My source is my church's storehouse. They sent the message to our local rep to spread the news.

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Old 03-29-2008, 10:27 PM   #2
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oh no... did they say why? i can't go without home made bread now that DH has it down to a science...and the cookies..and OHHHH NOOOOOO
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Old 03-29-2008, 10:27 PM   #3
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Guess it's time to move and buy a wheat field then....
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Old 03-29-2008, 10:42 PM   #4
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I have known flour is going up but did not take it seriously. Last week the local store had Gold Medal unbleached flour normally at $1.79 on sale for $ 99. cents I bought 3 but should have bought at least 10 or more bags.
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Old 03-29-2008, 10:53 PM   #5
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Quote:
Originally Posted by meshoo96 View Post
oh no... did they say why? i can't go without home made bread now that DH has it down to a science...and the cookies..and OHHHH NOOOOOO
They didn't say why, but my guess is something to do with gas prices, oil prices, "food" farm products being transformed into "fuel" products, farm subsidies, you name it. I'm sure we can blame it on something.

I maybe wouldn't take it as seriously if I hadn't just seen the price of eggs skyrocket on me, among other things.
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Old 03-29-2008, 11:24 PM   #6
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If you get Time magazine, there is an article in this months issue entitled "The Clean Energy Myth".
They state on the cover "Politicians and Big Business are pushing biofuels like corn-based ethanol as alternatives to oil. All they're really doing is driving up food prices and making global warming worse - and you're paying for it."
Interesting article, worth reading if you can get a hold of it.
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Old 03-29-2008, 11:36 PM   #7
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everything is going up in price, it's crazy. Flour already went up in price. I buy 25 lb bags usualy, one day it was $7 bucks and next week it's already $10.
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Old 03-30-2008, 12:12 AM   #8
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About a month ago in the Wall Street Journal there was an article about how investors are moving more speculative money from financial markets into the commodity markets because of the larger potential profits, and how this is forcing the prices up. I believe it was the Feb 28 or 29 issue.
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Old 03-30-2008, 12:37 AM   #9
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It is the same thing they did with oil, it is no longer directly based on supply and demand but speculation. Somethings should be off limits to those vultures, and necessities like food and oil at the top of the list.
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Old 03-30-2008, 12:43 AM   #10
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Good thing flour freezes well, I think I'll start hoarding ...
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