Shoppers warned bigger bills on way
By Javier Blas
Financial Times of London
Published: February 24 2008 22:02

When William Lapp, of US-based consultancy Advanced Economic Solutions, took the podium at the annual US Department of Agriculture conference, the sentiment was already bullish for agricultural commodities boosted by demand from the biofuels industry and emerging countries.

He added a twist – that rising agricultural raw material prices would translate this year into sharply higher food inflation. (4x to 5x the prices of just two years ago)

The time is now to stock up on all basic food items; that are dry goods, and number ten cans of things you use regularly.