Thursday, January 24, 2008

Do Rising Food Prices Add Up?

The news about rising food prices and the estimations you hear in the news have had me scratching my head. Here's something I wrote about the topic on my food blog. I suspect that the energy and exchange rate excuses, and the estimates at price growth, don't jive with what you see in the grocery stores, and I note how ADM's gross profit growth significantly outstrips its revenue growth.

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