Tag: highest

Investors Driving Up Food Prices?

  • Congress is investigating whether investors are inflating the prices of food and gas for profit (Photo courtesy of the USDA)

The price of food is going up and some
members of Congress want to know why. The Senate
recently held hearings on whether investors in
the commodities market are artificially inflating
prices. Mark Brush has more:

Transcript

The price of food is going up and some
members of Congress want to know why. The Senate
recently held hearings on whether investors in
the commodities market are artificially inflating
prices. Mark Brush has more:

Big investors are moving money out of stocks and other investments and into
commodities.

In the last five years, the amount of money in commodities markets has
increased 20 fold. And there’s a theory that these investors are driving up food and gas
prices.

Timothy Wood says that’s not so. He’s the editor of ResourceInvestor.com.

Instead, he
says you’re paying more mostly because the dollar is worth a lot less these days. He also
says Congressional mandates to turn corn into fuel are driving up corn prices.

“When corn is so much a part of the American food chain, and the global food chain, it is
just a complete and utter farce that this has gone and been legislated.”

Wood says Congress should let the markets sort themselves out. But some members of
Congress wonder if big investors in commodities are getting rich at the expense of
families.

For The Environment Report, I’m Mark Brush.

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Food Prices to Stay High

  • Corn production in Colorado. (Photo by Scott Bauer, courtesy of the USDA Agricultural Research Service)

Food prices are expected to keep rising in the
coming year. That’s at least partly because farmers plan
to plant less corn. Dustin Dwyer reports:

Transcript

Food prices are expected to keep rising in the
coming year. That’s at least partly because farmers plan
to plant less corn. Dustin Dwyer reports:

Jim Hilker is an agricultural economist at Michigan State University. He says the
demand for corn is high right now.

“Ethanol’s probably the biggest driver of it, but there’s also been very strong corn
exports.”

Hilker says those exports are going to countries where the wheat crop has
come in lower than expected.

But with all the demand for corn, the U.S. Department of Agriculture says
farmers across the country are planning to plant about 8% less
corn this year, compared to last year. Last year farmers did plant more corn
than they had in more than 50 years. This year, corn production should still
be high, but it might not keep pace with demand.

Hilker says that could mean higher prices for food.

But he says there are a lot of other factors to consider when it comes to
food prices. He says gas is a big one, since food has to be transported.

For The Environment Report, I’m Dustin Dwyer.

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Dental Offices Adding to Mercury Problem

  • George Washington's dentures. (Photo courtesy of the National Institute of Dental and Craniofacial Research)

Dental offices are producing higher levels than
expected of a toxic form of mercury. Rebecca Williams
reports on the findings of a new study:

Transcript

Dental offices are producing higher levels than
expected of a toxic form of mercury. Rebecca Williams
reports on the findings of a new study:

When dentists remove fillings, most of the mercury in the fillings is
trapped in a filter in the spit drains. But some of it does get through.

Mercury in its simplest form is not as toxic as what’s called methyl
mercury. That forms when mercury is exposed to certain bacteria. Methyl
mercury is very toxic even in small amounts.

Researchers at the University of Illinois say they found much higher levels
of methyl mercury in wastewater from dental offices than they expected. In
fact – they say they were the highest levels of methyl mercury ever reported
in an environmental water sample. And that toxic mercury is eventually
released into the environment.

The findings were published online in the journal Environmental Science and
Technology.

To put this all in perspective – the authors say the amount of mercury
coming from dental offices is really, really tiny compared to mercury coming
from coal-fired power plants.

For the Environment Report, I’m Rebecca Williams.

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Food Prices on the Rise

  • Produce section of a supermarket in VA. (Photo by Ken Hammond, courtesy of the USDA)

Food prices are going up worldwide. A new survey
by the American Farm Bureau Federation finds supermarket
checkout costs have risen nearly 8% this year.
Julie Grant has more:

Transcript

Food prices are going up worldwide. A new survey
by the American Farm Bureau Federation finds supermarket
checkout costs have risen nearly 8% this year.
Julie Grant has more:

Retail food prices usually increase 3% per year. But over the last year the
cost of flour, cheese, bread, meat, oil, and produce is up – by more than
double the average.

The United Nations has predicted prices will stabilize in the long term. But
that consumers worldwide will face at least 10 more years of rapidly rising
food prices.

Commodity prices for corn, wheat, soybeans and other staples have been
skyrocketing over the past year – to more than double 2006 prices.
The higher costs are due in part to weather affecting crops, and growing
demand in China and India.

Economists also point toward the increased use of grains for ethanol and
other biofuels, putting pressure on food prices.

For The Environment Report, I’m Julie Grant.

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