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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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Mexican tortilla prices 'up 18%'
Consumption; Demand; Pricesvox_mundi writes:

The price of tortillas, a staple food in Mexico, are set to rise 18% in the next few weeks, an industry group says.

... The National Chamber for the Tortilla and Dough Industry told Reuters that prices would rise from 8.5 pesos (42 pence) a kilo now to 10 pesos in June.


The government said it would work to make sure that did not happen.

Tortilla prices are not state-controlled in Mexico, but the economy minister Eduardo Sojo said the government would use measures such as offering subsidies for transport and warehousing to stop them rising.

... Rising costs of corn and fuel sent the prices of the corn pancakes up by more than 10% last year.

A local newspaper report suggested that prices could go up as high as 12 pesos a kilo in the next few weeks.

BBC

Posted on Thursday, May 15 @ 12:21:13 PDT by Leanan
 
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Re: Mexican tortilla prices 'up 18%' (Score: 1)
by vox_mundi on Thursday, May 15 @ 12:28:59 PDT
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10 pesos = $ 0.95 US
12 pesos = $ 1.15 US
Not good if you're living on $2.00 a day



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