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To: Follies who wrote (189526)	7/19/2010 1:32:27 PM
From: robnhood	Respond to of 313709

All I know is that the futures spiked in prices which caused real food prices to spike everywhere including Ethiopia. If the price of rice doubles here we barely notice. This is not a luxury shared round the world.

To: Follies who wrote (189526)	7/19/2010 3:33:52 PM
From: The Vet	3 Recommendations Respond to of 313709

whoever lost the $100m probably did not live in Ethiopia. Do you agree with that? Do you know who it was that lost that $100m? If the farmer sold the contract to supply the food for $1 and the buyer in Ethiopia paid $10 for it when he got it then both the producer (the farmer) and the consumer paid. Both were ripped off by the middle man who took $9 profit..... It isn't a simple financial transaction. It is a real cost added to the product that is passed on....