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Thread: Oil prices made a new high yesterday!
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[quote=FRANKENSTEIN,282053]With the prices of food surging, the oil prices also made a new high yesterday. “Nymex West Texas Intermediate for May delivery rose as high as $113.93 a barrel during the day, while the May Brent contract touched $112.08 a barrel, also a record.” FT reported. On the other hand, global food crisis was escalating. Indonesia, one of the largest wheat exporters stopped its farmers to sell grains abroad. The rice prices hit a new record yesterday. It is estimated that more food exporting countries might stop their exports since they are facing higher demand from those food importing countries. It seems that the situation becomes more intensive. To solve the problem, how about producing genetically modified food? Will you take GM food?[/quote]
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