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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (766945)	1/30/2014 9:21:37 AM
From: Bilow	Read Replies (1) \| Respond to of 1576858

Hi Broken_Clock; Re: "Pistachio nuts at costco 3 lb bag 3 years ago were $8. Today $21. Other food similar"; Domestic consumption of pistachios was flat for the decade from 1998 to 2008, and then it increased substantially from 2009 to 2011, and has flattened out this year. Second, the emergence of China over the past 6 years has been truly significant. The industry expects more pistachios to be shipped to China during this marketing year than will go to their domestic market. Chinese exports now account for 60% of all US pistachio exports! ... The 2012A few things are becoming clear in the development of the Pistachio market. First, the 2011/12 year was a huge year in terms of domestic and export shipments. Second, very little of the 93 million pounds of carryover inventory to the current year was marketable inshell. This has reduced the total 2012/13 marketing year total inshell supply. Third, Chinas demand for pistachios continues to roar ahead. skamberg.com All foods are commodities whose prices zoom up and down. Here's a chart for the price of wheat over the last 10 years: The zooming up and down is why you can't measure inflation with the price of any single commodity. It's not just pistachios, even important things like wheat zoom up and down. Get used to it. Will weather effect this year's crop prices? I bet it will... -- Carl