Reader Erik K. wrote: “I have to thank you for your post in SurvivalBlog on August 22, 2010 regarding a coming scarcity of sugar for 2011. After I read the article my wife and I went to our local big box store and purchased enough sugar to last our family for several years to come. We vacuum sealed the sugar in 5 gallon buckets using our iron, vacuum and mylar bags with oxygen absorbers. The buckets we used were free from a bakery and the cost of mylar and oxygen absorbers were $2.40 for each bucket. A recent visit to the store and I discovered that sugar was already selling for $5 more per 25 lb bag than what we had paid for it. And then came this news from Australia: Sugar soars to 30-year high on Cyclone Yasi. A very scary combination. I am so glad that I went and purchased sugar last summer.”
U.S. factories boom in January as inflation signs rise.
Kodiak Steel Homes notes that their wholesale steel suppliers have been given notice of a 14% price increase effective March 1st 2011, an that there will probably be another 10% to 15% increase in early April.
Food costs at record high as U.N. warns of volatile era. Food price spikes will spark huge riots and probably some more toppling governments.